Canyon Partners has announced the close of its European collateralised loan obligation (CLO), Canyon Euro CLO 2026-1, at €400m.
The transaction brings Canyon’s European CLO platform’s assets under management (AUM) to more than €2.1 billion and total AUM across the firm’s global CLO platform to approximately $12.6 billion. The CLO will be managed by Canyon’s affiliate, Canyon CLO Advisors.
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Canyon Euro CLO 2026-1 was arranged by BNP Paribas. The deal has a 1.5-year non-call period and 4.7-year reinvestment period and was structured to comply with European risk retention regulations.
“This transaction reflects the continued strength of our European CLO strategy and the depth of our relationships with CLO debt investors,” said Erik Miller, partner and co-head of Canyon’s CLO business.
“Achieving competitive pricing in the current environment is a direct result of our disciplined portfolio construction and the trust we have built with our debt investors over many market cycles.”
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Canyon Euro CLO 2026-1 marks Canyon’s first new issue European CLO of the year and 5th active European CLO.
“We are proud to continue scaling our European CLO strategy,” said Martin Downen, co-head of Canyon’s CLO business. “We believe the recent momentum reflects the growing conviction among sophisticated investors in Canyon’s approach.”
