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  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

MM CLO rankings - August 2023 YTD
Our latest CLO rankings show $3 billion of US middle market issuance in August, and brings the number of managers accessing the market this year up to 23

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

HPS teams up with Bank of America to print its second middle market CLO
HPS Investment Partners has teamed up with Bank of America to print a middle market CLO named HLEND CLO 2023-1, its second entry into the private credit CLO space

Golub prints 2023's third largest new CLO
Golub Capital priced the third largest new CLO of the year on Wednesday

Cerberus's 2023 mid market CLO volumes rise to $1.25 billion after third deal
Cerberus Business Finance has priced its third middle market CLO of 2023 and brought its issuance volumes for the year to $1.25 billion, thus becoming the third manager to pass the $1 billion threshold

Monroe returns to CLO primary with first mid market deal of 2023
Monroe Capital Partners priced its first CLO in almost a year on Friday at a size of $399.2 million

Scotiabank gets first CLO deal with Blue Owl tech reset
Scotiabank scored its first CLO arranging credit on Monday after serving as joint bookrunner with MUFG on a $204 million reset for Blue Owl Capital

Goldman Sachs makes middle market CLO debut arranging deal for Blue Owl
Goldman Sachs became a middle market CLO arranger for the first time on Tuesday after issuing a deal for Blue Owl Capital named Owl Rock CLO XIII

Scotiabank clocks first CLO arranging credit on upcoming Owl Rock reset
Scotiabank is set to claim its first CLO issuance later this month after it emerged that the bank is acting as joint bookrunner on a reset of Owl Rock Technology Financing 2020-1

Deerpath resets middle market CLO from 2020
Deerpath Capital Management reset a 2020 era CLO on Monday, becoming the second manager this year to rework a deal backed by middle market loans

Guggenheim returns to middle market CLO issuance after 18 months away
Guggenheim Investments priced its first middle market CLO in over 18 months on Thursday in a deal structured by Natixis

2023's mid market CLO volumes pass $13 billion as Ivy Hill prices
Ivy Hill Asset Management priced its second middle market CLO of the year on Wednesday named Ivy Hill Middle Market Credit Fund XXI

Asset management firm creates new credit platform
Insurance and asset management firm Nassau launches new credit platform with more than $8 billion in assets under management. 

Bain is back with first mid market CLO in four years
Bain Capital is back just two weeks after pricing their last CLO with a new US middle market CLO, the first for the Boston-based manager since 2019.

Points up front
Get off the bus, but don't despair

PennantPark's mid market CLO volumes pass $2 billion after latest new issue
PennantPark Investment Advisors teamed up with BNP Paribas on Friday to print a new middle market CLO named PennantPark CLO VII

ICG hires new global head of credit
Asset management firm ICG has hired ScION Tech Growth Chief Executive Officer Mathew Cestar as the firm's global head of credit