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Alcentra prints second European CLO of 2024
1 month 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 -
European primary CLO market returns with new Alcentra deal
9 months ago
After a brief hiatus the European CLO market was back in business yesterday thanks to Alcentra and Citi -
Alcentra adds to European CLO investment team with sell-side hire
1 year ago
A European CLO trader has switched to the buy side to join Alcentra -
Experienced CLO investor lands at AlbaCore to launch structured credit business
1 year ago
AlbaCore Capital is launching a new structured credit business as a "natural extension" of its CLO business, according to sources. The manager has hired an Alcentra official to lead the charge -
Founder of Alcentra's structured credit business to step down as PM
1 year ago
A long-time CLO tranche investor is set to move away from day-to-day portfolio management duties and take on a new role as senior advisor -
Alcentra prints European CLO with triple A coupon at 212bp
1 year ago
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021 -
Alcentra makes leadership changes as European CLO head Rainbow goes part-time
2 years ago
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm -
CLO investor departs Alcentra for another buyside firm
3 years ago
A CLO investor has departed from his job at Alcentra and has landed at a boutique European credit manager -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
3 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
Alcentra's global CLO fund closes at $484 million and over 50% deployed
3 years ago
Alcentra has closed its fourth global CLO fund, Alcentra Structured Credit Opportunities Fund IV, at $484 million -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
3 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
Alcentra includes 2.1% Euribor cap on triple A tranche in CLO reset
3 years ago
Alcentra has included a 2.1% Euribor cap on the triple A notes in its reset of Jubilee 2013-X -
Euro CLO league tables: Refi return spurs European CLOs towards record volumes
3 years ago
A record shattering month as refi wave continues -
European CLO and loan spreads jostle in tight race
3 years ago
New issue CLO spreads have tightened so sharply in Europe that market participants are questioning how long the process can continue. -
Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
3 years ago
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals -
Global CLO b-wic round-up: 2020 deals trade at premium
3 years ago
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks -
Alcentra returns to European primary CLO market after 13 months
3 years ago
Alcentra has priced its first European CLO new issue this year following a 13 month hiatus. Bank of America arranged the €303.1 million transaction -
OC health check: 41 CLOs heal their breaches
3 years ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
CLO pipeline: three behemoths prepare for quick-turnaround new issues
3 years ago
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i -
Ticked off: European loan docs turn aggressive
3 years ago
Documentation for European loans tightened in the immediate aftermath of the March sell-off, with lender-friendly terms around additional debt baskets, dividend levels and acquisition thresholds. But aggressive terms are creeping back into the market -
Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
3 years ago
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers -
OC health check: CLOs heal up with no new breaches among US BSL deals
3 years ago
53 CLOs reported an over-collateralisation (OC) test breach last week, but only two CLOs breached an OC test for the first time, neither of which were US broadly syndicated loan CLOs -
OC health check: second European 2.0 CLO reports junior OC breach
4 years ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i. -
Euro CLO investors look to cash in as market confidence returns
4 years ago
A mixed b-wic comprised of €35 million European CLO tranches is on offer at 9.30am New York time Tuesday, with investors looking to capitalise on tightening spreads as confidence gradually returns to the market
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