Middle market issuance continues with Deerpath deal
Deerpath Capital Management has priced its second new middle market deal this year, a transaction valued at USD 353.65m featuring three fixed-rate tranches

CLO market round-up: 27 Nov - 1 Dec
After a busy Thanksgiving week, CLO pricing activity was substantially quieter last week, with only a handful of deals in the market.

Middle market rush continues as AllianceBernstein prices new CLO
AllianceBernstein is the latest manager to price an end-of-year mid-market CLO, with a USD 397.44m new issue yesterday 

CLO market round-up: 20 - 24 Nov 2023
Thanksgiving or not, last week was a banner week for middle market CLO deals, with no fewer than five pricing

Global head of CLOs and loans switches firm to focus on private credit
Dan Robinson, Man Group's managing partner of capital asset solutions and global head of CLOs and loans has moved to a new asset manager

Blue Owl launches second tech CLO
Building on an already-busy month, Blue Owl has priced its third CLO in as many weeks, with an upsized pricing of a new single-sector private credit CLO. 

Blackstone prices BDC CLO
The past few days have seen a bevy of action in the middle market CLO space – alongside Barings’ double deal and the new Athena II CLO from Blue Owl, Blackstone priced its first offering in the private credit space, with an upsized USD 492.665m transaction.

Scotia adds middle-market lead arranger credit with new Guggenheim CLO
Fresh off the back of its first CLO as sole structuring and lead placement agent, Scotiabank has followed up almost immediately with its second lead role in as many days, arranging Guggenheim’s new USD 475m middle-market CLO

PGIM pushes into the middle market with Windhill CLO 1
The latest in a brace of middle-market CLOs to hit the primary market this week was PGIM’s Windhill CLO 1, arranged by Natixis, which marked the manager’s debut in the middle market 

Barings prices two deals in a day
In a highly unusual move, Barings yesterday priced two middle market CLOs, worth a combined USD 862.15m, within hours of each other

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Credit funds at a glance
Fund performance; people hires; fundraising 

First CLO reissue since 2021 prices
Cerberus Business Finance has priced the first reissue since 2021, in a reworking of its Cerberus Loan Funding XXIX CLO, according to market sources. The transaction has been renamed Cerberus Loan Funding XLIII.

US MM CLO rankings - October 2023 YTD
Our latest rankings for US MM CLO issuance tp to the end of October

Audax adds new middle market CLO
Audax Senior Debt CLO 8, arranged by BNP Paribas, was upsized to USD 505.5m

CLO market welcomes new middle market manager as BDC CLO prices
The CLO market welcomed merchant bank BDT & MSD Partners to the universe of managers today as Deutsche Bank arranged MSD BDC CLO 1

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

The Last Tranche with New Mountain's Kline and Moshiri: we have more flexibility than a typical CLO around industry selection
In this episode of The Last Tranche, John Kline and Cyrus Moshiri from New Mountain Capital discuss the innovative rated feeder fund structure they recently priced, and why they chose this approach over a traditional middle market CLO

MidCap goes minimalist for mid-market deal
MidCap Financial, an Apollo affiliate, has priced a new middle market CLO called MFIC Bethesda CLO 1

Despite CLO gloom in Europe and greater take up of private credit in the US, markets on both sides of the Atlantic are similar
I’ve just returned from a trip to London, my first since taking on the mantle of editing Creditflux, and was struck as always by how stubbornly far apart the European and the US markets remain.

Primary market roars into life
The primary CLO market pickup that started in August continued strongly in September, both in Europe and the US. Although the overall direction was the same on both sides of the Atlantic, the type of activity was quite different.

BNP Paribas prices monster middle market CLO
The largest CLO in years priced yesterday in the form of Golub Capital Partners CLO 69(M), a USD 1.33bn transaction

Brightwood returns to CLO market for first time this year
Brightwood Capital has priced a new middle market CLO, Brightwood Capital MM CLO 2023-1, arranged by GreensLedge with RBC as co-placement agent

New Mountain prices unusual rated feeder fund
New Mountain Capital has priced a tranched rated feeder fund, New Mountain Guardian IV Rated Notes, arranged by Wells Fargo

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising