How direct lending took off in Europe
In the second of our two-part history, we look at the evolution of direct lending in the UK, the sector’s expansion to other parts of Europe, and its growth into a dominant asset class

Zable returns to CLOs at Guggenheim, citing its experience and brand
CLO veteran Robert Zable always planned to return to the market. He’s now taking the reins at Guggenheim Investments to build out the manager’s CLO and liquid loan efforts

BlackRock rockets up after HPS buyout
After its acquisition of HPS, BlackRock has risen from 18th place to seventh in the US BSL AUM table. The highest-profile faller is UBS, which dropped out of the top 10. It was top in 2024

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

Laura Coady takes the helm of Blackstone's global CLOs
Coady, who will also serve as head of liquid credit, steps into the role as the firm’s former head of capital formation, Jane Lee departs

New European Blackstone CLO prices at 127bps
The manager’s latest European deal, Stannaway Park CLO, showed some evidence of weakening demand in the lower mezz, with its double Bs issuing at 540bps over the base rate

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Blackstone markets new Euro CLO with AAAs at 127bps, mezz outside recent tights
The triple As are just outside the new tight set last week by KKR's Avoca CLO XXXIV, but guidance for the mezz suggests some market widening

Blackstone matches market tight with new Euro CLO
Blackstone’s latest new European CLO, Apna Park CLO, issued via BNP Paribas on Tuesday in a EUR 405.325m transaction

Blackstone’s Jane Lee to leave the firm
EXCLUSIVE: Blackstone's head of CLO capital formation who spearheaded its CLO issuance has resigned to take time off

Blackstone resets benchmark-setting 2022 Euro CLO
Blackstone has reworked Otranto Park CLO, one of the tightest 2022-vintage European CLOs, in a EUR 411.4m transaction via Citi

Blackstone, State Street Investment Management launch Euro CLO ETF
The new fund will invest in floating-rate, triple A-rated European CLO tranches

Blackstone readying to launch European CLO ETF
EXCLUSIVE: The world’s largest CLO manager is prepping an ETF that focuses on CLOs in Europe

Blackstone prices tightest European CLO since April
The new-issue CLO priced at the tight end of investor guidance for both the triple As and mezz, as European CLO investors clamour for new-issue paper from tier-1 and tier-2 investors

Blackstone IG private credit reaches USD 115bn off insurer interest
The alternative asset manager is focused on raising capital from this investor segment without becoming an insurer itself.

Euro pipeline remains strong with Blackstone, Voya and ICG among those readying new issues
The pipeline into the August break remains strong as a number of managers look to take advantage of a still-benign issuance environment in advance of the summer break

Blackstone inks new private credit partnership with L&G
PRECIS: The partnership will see L&G gain access to IG private credit assets and the two firms create new public-private credit products.  

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Blackstone prices tightest Euro AAAs in more than 10 weeks
Ringsend Park CLO lowered the tariff-era benchmark to Euribor plus 131bps

Blackstone hires Laura Coady from Jefferies to head CLO business
The alternative asset manager has poached Jefferies's top CLO banker to become its global head of CLOs and head its European liquid credit strategies

Investors optimistic, bullish on European structured credit – BofA, King Street, Blackstone, Federated Hermes
PODCAST: Credit Exchange with Lisa Lee catches up with Bank of America's Alex Batchvarov, King Street's Young Choi, Blackstone's Alex Leonard and Federated Hermes' Andrew Lennox at the Global ABS conference in Barcelona

Blackstone makes it a Euro trifecta for May with latest reset
The manager’s reworking of its Wilton Park CLO showcased the market’s trend toward tightening in the lower mezz

News in brief
Blackstone plays offense amid volatility

Blackstone prices second new European issue after market pause
Tully Park CLO priced with the tightest triple As for a Euro deal since dealmaking resumed at the end of April