CLO portfolio values, new issuance face tariff risk—KBRA
Market volatility and uncertainty around tariff plans have already led to some CLO deals being put on hold or delayed

US CLO spreads trend narrower as new deals in pipeline aim for mid-120s
The US CLO market is seeing rapidly narrowing triple-A spreads, with multiple deals currently in market with triple-A spreads heading towards 125bps over SOFR

Permira Credit markets deal to enter US CLO management
Permira Credit has started marketing its first deal that will mark the European-based firm’s entry into US CLO management, featuring some punchy price talk

Open CLO warehouses in Europe approach record high as confidence grows
European CLO issuance is running at record pace and the number of warehouses set up as precursors to new deals are spiking

UBS looks for significant tightening as it markets 2023-vintage Euro reset
UBS is currently marketing its second European CLO in two months, a reset of Madison Park Euro Funding XIX, a 2023-vintage issue

New managers hustle to join buoyant CLO market
New entrants are bustling to join the ranks of BSL CLO managers in both the US and Europe, with Obra, Fortress and CIC all in the market

Obra Capital markets debut CLO as it prepares to join US manager landscape
Obra Capital has started marketing a new deal that will mark the US firm’s entry into the CLO management business in what would be the second US BSL CLO debut of 2024

Barings lines up second European CLO for 2024
Barings is currently marketing its second European BSL deal of 2024, with Natixis arranging the transaction

PGIM signals return to European CLO primary market
After an absence of almost two years, PGIM is marketing a reset of its most recent European deal.

Ares plans to swaps short-dated for static in European CLO reset
Ares is marketing a static reset of the short-dated 2020-vintage Ares European CLO XIV, with Goldman Sachs acting as the arranger

Voya prepares to reset debut European CLO
Goldman Sachs is marketing a reset of a 2018-vintage European CLO managed by Voya

Starwood markets new US infrastructure CLO
The infrastructure CLO market seems to be hotting up. After DWS’s deal last week, Starwood and Deutsche Bank are now marketing a new US deal

CLO round-up: Market braces for a busy September
The US and European CLO markets are bracing for a flood of deal activity from market participants as the fall season kicks off

Jefferies markets 2023 European CLO reset
Following a quiet period in August the European CLO market appears poised for activity once more as Jefferies markets a reset of a Penta CLO

Alcentra markets reset of a second 2019 European CLO
Alcentra is marketing a European reset of a 2019-vintage CLO, with the CLO expected to price in the next few days

Sculptor markets a refi of 2017 vintage
Sculptor is marketing a partial refi of OZLM XIX, a US BSL CLO that debuted in 2017 under the Och Ziff banner

Natixis markets new AXA European CLO
AXA is among the managers boosting the pipeline of forthcoming European deals, with the manager currently marketing a new European issue via Natixis

Fidelity markets new European CLO that would match YTD tights
Fidelity is marketing a new issue European deal with the triple-As poised to equal year-to-date tights, suggesting prints in the 130s are becoming ‘the new normal’

CIC engages bank for debut CLO
The private debt arm of French group Crédit Industriel et Commercial (CIC) is in pre-marketing for its debut CLO and has engaged an arranger

Goldman looks to price new US CLO for MidOcean today
According to market sources MidOcean Partners is set to price a new US BSL deal later today via Goldman Sachs

Debut manager markets first European CLO
A new European CLO manager is in the market with its first CLO, with the deal expected to price in the next few days

CVC markets new US CLO
Fresh from the successful close of it latest CLO equity fund, CVC Credit is back in the CLO market marketing a new US deal.

US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too

US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week

US CLO pipeline: busy January sets the tone for the year
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down