EMEA CLO Weekly: Kartesia debuts as primary spreads hold firm; secondary tone softens; Pemberton and Clearlake hire new PMs; spotlight on Hybrid CLOs

Anna Carlisle: Managing Editor

02 October 2026

Download the Full Report to gain insights on:

How firm primary spreads contrast with softer secondary conditions across European CLO markets.
What recent pricing reveals about demand across different CLO tranches and transaction types.
Why hybrid CLO structures could attract broader participation in European private credit markets.
Which management appointments may reshape established and emerging European CLO platforms.
Where warehousing, refinancing and payment trends may signal changing risks and opportunities.

Executive Summary

Primary CLO issuance remains resilient despite a more cautious secondary market. Investors are increasingly distinguishing between structures, managers and collateral quality.

New platforms are expanding competition across the European CLO landscape. However, established managers continue strengthening their teams and issuance capabilities.

Hybrid structures could broaden access to European private credit assets. Their flexibility may help align diverse collateral with investor requirements.

Warehouse activity indicates a substantial pipeline of potential future transactions. Meanwhile, refinancing prospects remain an important area for market monitoring.

Payment developments highlight the importance of examining mature CLO structures carefully. The report connects market pricing with emerging structural and managerial themes.

Fill out the below form to view the full article:

Please note that we can only respond to valid business email addresses and the interview is already available to clients.

Recently Published

Research

All Covenant-Review Autos US CR Quarterly Q1 Sovereigns Basic LevFin-Insights Telecommunications May GMU September GMU Financials CreditSights-Research Utilities Case Studies US LME in Focus show-home show-initiation page-home Municipals SLRs October GMU TMT Asset Management Resources Pharmaceuticals June GMU Asia in Focus Preliminary 2027 Outlook Energy Research Gaming/Leisure Webinar Related Resource Industrials Politics Media US Special Sits Outlook Consumer Tariffs Special Situations Euro Autos: Barbarians at the Gates Corporate Private Credit Aerospace/Defense U.S. Autos Expert Panel Covenants Bonds Real Estate EU Special Sits Outlook Strategy Post Petition Services July GMU ESG Chemicals Iran Asia in Focus 2H26 ESG-Home Emerging Markets Banks EM Outlook Outlooks-Home Transportation Construction EMEA CR Quarterly Q2 Technology Insurance Asia in focus webinar US CR Quarterly Q2 Manufacturing EMEA CR Quarterly Q1 Global Credit for ME Investors