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Latest news:

  • Spreads widen and issuances pause as CLO managers react to market volatility
  • Cliffwater to cover just half of exit requests as private credit fund hits regulatory cap
  • Macquarie expands CLO ambitions with acquisition of Euro platform Spire
  • Sponsors reshaping Europe’s chemicals sector add Iran fallout to buyout risks – Dealspeak EMEA
  • JPMorgan cuts back lending to private credit funds after loan markdowns
  • European CLO issuance restarts after brief lull as Bain prints new issue
  • Blackstone to launch new private multi-asset products for affluent individuals
  • Software shakeout delays exits for some, opens buying window for others
  • First Brands seeks expedited sale of Walbro business for USD 50m to Overdrive Capital
  • Eagle Point raises USD 559m to lend to credit funds
  • Citi announces debt capital markets co-heads, including a hire from BofA
  • CLO primary market in Europe to go quiet amid oil price upheaval – Acer Tree
  • CalPERS, CalSTRS disclose large commitments to Blackstone credit vehicles
  • Private credit still deploying despite increasing risks – head of credit at CVC
  • Air Baltic and INEOS Quattro bonds fall, AD Education loan continues to slide – Market Comment
  • Expect more semi-liquid BDCs to enforce liquidity caps if exit rush continues – Fitch
  • BlackRock HPS’s semi-liquid private credit fund caps redemption at 5% limit
  • Loan ETFs see massive outflows as retail investors react to software, Iran
  • Creditflux showcases contributions, achievements and observations of outstanding leaders – Trailblazing Women
  • CPPIB appoints head of structured credit group in leadership shakeup
  • Overview
  • Newsletter

March 2026  See other issues

Top Story

Optimism and pessimism hand-in-hand

In this issue, we address the credit markets’ shift to a negative tone. But there’s still much optimism. More CLO managers are launching. We spoke to 10 at various stages of starting up a business. Large investors like CalPERS and...

Funds

  • Direct lenders hit hard as credit market reels from war and AI
  • Pension giants’ portfolio shift fuels private credit opportunity
  • BDCs make sales to rebalance portfolios and create liquidity
  • Fund performance – March 2026
  • Credit funds at a glance – March 2026
  • Credit hedge funds – March 2026

CLOs

  • Optimism and pessimism hand-in-hand
  • ‘We are trying to discern who has a moat and who doesn’t’
  • News in brief
  • CLO secondary dynamics – March 2026
  • CLOs at a glance – January 2026
  • CLO Symposium 2026

Comment

  • Germany plans to invest EUR 108bn on defence in 2026 and EUR 152bn in 2029
  • CLO portfolios are diversified across sectors — but not by business model
  • AI will upend operational models in a very short space of time

Analysis

  • ‘The enthusiasm has been great’
  • Direct lending braces for redrawn landscape

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