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Nov 26, 2024 | 
pitchbook.com | Michael Rae |Michael has worked
The European CLO market finally has its first middle-market CLO, with Barings moving first to price the €380.6 million Barings EUR Middle Market CLO 2024-1, via BNP Paribas on Nov. 21.
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Nov 8, 2024 | 
pitchbook.com | Jean-Marc Poilpré |Michael Rae |Michael has worked
Corporate downgrades are coming thick and fast, quickly filling the triple-C buckets of European CLOs. This situation reflects some stress among leveraged finance issuers and can cause headaches for CLO managers, but it is more of a nuisance than a real shock to the system, according to sources consulted by LCD News. “CLOs are designed to invest mainly in single-B rated issuers,” says David Nochimowski, global head of CLO & ABS strategy at BNP Paribas.
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Sep 3, 2024 | 
pitchbook.com | Michael Rae |Michael has worked
US-headquartered Clearlake Capital has agreed to acquire MV Credit from Natixis Investment Managers, in a move intended to enhance Clearlake’s global direct lending and private credit capability. The acquisition is expected to close in the fourth quarter of 2024, according to a Sept. 3 press release, and will increase the AUM of Clearlake’s credit business to $28 billion, and its firm-wide AUM to over $90 billion.
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Apr 9, 2024 | 
pitchbook.com | Michael Rae
Deutsche Bank has revised its 2024 European CLO issuance forecast to €37 billion, which would rank just shy of the record €39 billion total notched up in 2021. The revision follows the most active quarter in the European CLO market since the fourth quarter of 2021 and the busiest first quarter in the CLO 2.0 era, according to LCD data.
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Mar 20, 2024 | 
rte.ie | Michael Rae
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Mar 20, 2024 | 
rte.ie | Michael Rae
To listen to RTÉ.ie's radio and podcast services, you will need to disable any ad blocking extensions or whitelist this site. Use the arrow keys to skip the audio ahead or backwards by 15 seconds00:00Use the arrow keys to increase and decrease the volumeChoose an option below to share‘ Social Democrats Holly Cairns reacts to Leo Varadkar departure’ Leaving this page will stop playback. Would you like to:
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Dec 19, 2023 | 
pitchbook.com | Michael Rae
The Loan Market Association has published its response to The International Organization of Securities Commissions’ consultation on the leveraged loan and CLO markets — cautioning against regulation modeled on the securities markets, and highlighting the need for greater understanding of how both markets work.
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Dec 17, 2023 | 
pitchbook.com | Michael Rae
Early year forecasts for the European CLO market point to familiar issuance conditions, with questions over what will move the dial for volume in the asset class. However, managers are heartened by an anticipated increase in CLO prepayments, which could drive renewed demand for new issuance and push spreads tighter.
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Nov 21, 2023 | 
pitchbook.com | Michael Rae
Private credit European CLOs have fast become a popular topic of conversation at industry conferences. But while there are still considerable hurdles to overcome, market participants argue it is a matter of when, rather than if, Europe follows the US to bring these deals to market. Already, managers are adding flexibility into their vehicles to allow potential greater inclusion of private credit-sourced assets.
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Aug 10, 2023 | 
almendron.com | Michael Rae
En la transición energética Europa precisa de estímulos, como una simplificación general de los permisos y subvenciones más contundentes. ¿Qué funciona mejor, la zanahoria o el palo? Si hablamos de transición energética, estamos siendo testigos de un experimento en tiempo real por parte de los responsables políticos.
