CLO managers face triple-A challenge as euro pipeline builds

By Joseph McDevitt
10 Jan 2014

The European CLO pipeline has started to build, with 3i Debt Management and Carlyle Group the first to begin marketing new CLOs. The sternest challenge facing managers is trying to expand the base of triple-A CLO buyers to keep pricing tight at the top of the structure, say CLO specialists.

Carlyle Group has hired Credit Suisse as arranging bank for a €300m CLO, Carlyle Global Market Strategies Euro CLO 2014-1. Meanwhile, 3i Debt Management is looking to sell Harvest VIII CLO through arrangers Resource Capital Markets and RBS.

Both managers launched new European CLOs last year. Carlyle ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial