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First debut manager of 2024 prices
23 hours ago
Yesterday afternoon saw the upsized pricing of a European CLO that marks the first market debutante to emerge this year -
Details emerge of Contego X reset
23 hours ago
Five Arrows Managers announced a reset of their 2022-vintage Contego CLO X earlier this week, with leaked pricing info now available -
Funds round up: April 2024
1 day ago
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms -
Alcentra prints second European CLO of 2024
2 days ago
Alcentra’s second CLO of the year, a new European issue was arranged by Deutsche Bank and priced at the end of last week -
2024 Q1 manager rankings by AUM
3 days ago
Our Q1 2024 rankings for CLO managers by total global CLO AUM are now available -
New European CLO prices with triple As at 145
3 days ago
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today -
Europe sees another tight print
4 days ago
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year -
US pension fund makes fresh USD 250m allocation to private credit
4 days ago
A US pension system has recently disclosed hundreds of millions of commitments to alternative funds, including USD 250m for private credit -
European CLO triple As hit 146
4 days ago
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year -
Blackstone makes it three new European CLOs this year
7 days ago
Blackstone’s third new European CLO of the year priced on Wednesday, reflecting the growing market weakness in the lower mezz -
AXA wins USD 400m for SRT strategy from US pension fund
8 days ago
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund -
Napier Park prices first European new issue CLO of the year
9 days ago
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis. -
European reset highlights weakness in mezz despite robust senior demand
10 days ago
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12 -
Cheyne returns to SRT market with eye-catching hire
11 days ago
Cheyne Capital has re-entered the significant/synthetic risk transfer (SRT) market, bringing on an industry veteran to act as portfolio manager -
European WAL test language is getting a little looser finds Dealscribe
14 days ago
The latest quarter has seen some loosening of WAL test laguage for European CLOs, according to document analysts Dealscribe -
Strong run helps CLOs shrug off Altice downgrade
15 days ago
It may be the largest triple C downgrade in years, but the CLO market is relatively unperturbed by Altice’s fall from grace. -
Triple A delayed-draw structure helps European CLOs beat negative carry
15 days ago
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes. -
Milbank staffs up after slew of London lawyers follow Goldfinch to Allen & Overy
15 days ago
Milbank has reacted quickly after five attorneys — including veteran European CLO lawyer John Goldfinch — moved to rival law firm Allen & Overy. -
Private credit firms chase opportunities in asset based lending as US banks withdraw
15 days ago
Lending against assets is becoming the fastest growing part of private credit. The market is expected to grow from roughly USD 787bn in 2024 to more than USD 1.26trn in 2028, according to a report by Research and Markets, a data and statistics firm. -
2022 vintage deals score again as COLF is called with 49% gross IRR
15 days ago
2022 vintage deals score again as COLF is called with 49% gross IRR -
Fund performance
15 days ago
In February, CLO funds once again claimed the majority of top positions in our fund ranking — this time taking eight of the top 10 spots (see table below). -
Unveiling our shortlist for the best performers of 2023
15 days ago
The 16th edition of Creditflux’s annual celebration of the best CLOs, CLO funds and CLO managers, in Europe and the US, will be held on 15 May at the Landmark Hotel in London -
Neuberger Berman keeps it tight for new European CLO
15 days ago
The European market saw another deal print at this year’s record tight of 147bps yesterday, when Neuberger Berman priced its first Euro deal of 2024 -
European resets return as Carlyle reworks 2022 vintage deal
16 days ago
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels -
Allianz gears up to launch European credit impact investing fund
16 days ago
Allianz Global Investors filed regulatory documents in Luxembourg this week for a new impact investing fund, the latest in a string of similar strategies
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