Latest news
Latest news
Despite unfavourable equity arbitrage, CLO issuance continues at pace
Triple-A rated CLO spreads tighten at last and a template is established for European data centre ABS
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
More articles
More articles
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CLO equity investment specialist Eagle Point Credit Management priced an initial public offering of its CLO debt investment vehicle on Tuesday. -
The European CLO market is keeping up the pace, with alternative investor Tikehau pricing an €451.2m deal via Natixis at the end of last week, that was increased from €410.2. The ABS market, meanwhile, is slowing down ahead of August.
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GSO Capital, a Blackstone-owned entity, is marketing Dunedin Park, a €409.8m CLO arranged by Deutsche Bank, and the fourth brought by the issuer this year.
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Goldman Sachs has released initial price thoughts on a new €407.2m CLO for Barings.
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Norinchukin Bank has re-entered the US CLO market after pulling back in April, though is still holding out on European CLOs, and there may now be less incentive for it to take up its previously outsized role.
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Allen & Overy has added a partner to the firm’s leveraged finance practice in New York.
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Middle market credit investment manager MidOcean Partners has hired a former Apollo Global Management executive as CIO.
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Alex Navin is joining BlueBay Asset Management’s structured credit team as portfolio manager, leaving Citigroup where he worked in various roles for over nine years. As well as launching structured credit funds, BlueBay said it was planning to launch and manage CLOs.
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CVC Credit Partners and BNP Paribas Asset Management are two CLO managers preparing to price their latest CLOs, bringing broadly syndicated deals to the market without help from Japanese anchor investment. Both well-established managers are having little trouble finding interest in their latest deals, as European and US investors rush in to fill the gap.
