Carlyle AlpInvest backs Investec’s debut European senior direct lending fund
AlpInvest led a secondaries transaction that helped launch the EUR 400m fund

Amundi to take ICG stake as the two launch a private wealth partnership
The two firms will start by creating a private debt European evergreen fund and private equity secondaries-focused European evergreen fund

Hayfin's Gina Germano steps back from running European CLOs, Jason Late to take over
Previously a portfolio manager at Man Group, Late will replace Germano as head of European high yield and syndicated loans, including CLOs

Manulife CQS raises USD 1.1bn for regulatory capital relief strategy
Under the strategy, the manager can pursue bilateral and club deals to take loans off a bank’s balance sheet

Dealmaking optimism appears in European credit – CVC
The alternative asset manager increased its European credit exposure during the third quarter after seeing a spread pickup

Sixth Street Specialty Lending starts CEO transition
The BDC’s current CEO Joshua Easterly will step down from his position at the end of the year but continue his role as co-CIO of the greater Sixth Street platform

LPs seek cyclical private credit play amid US economic uncertainty
Many LPs pivoted to all-weather private credit strategies in recent years, but interest in more opportunistic and special-sits strategies reliant on a credit downturn are picking up once more

US resets flow as Oak Hill Advisors sets new AA benchmark
Around USD 1.38bn of resets priced this week from Oak Hill Advisors, Carlyle, UBS and Intermediate Capital Group, with OHA's print setting a new benchmark in the double As of SOFR plus 150bps

US refis issue from TPG Angelo Gordon, Invesco and Columbia
The three managers refinanced US CLOs at the close of last week, with the repriced paper totalling just over USD 1bn in value

Starwood’s latest infra CLO issues via five arrangers
Jefferies led the cohort of five banks that worked on the deal, the manager’s second of 2025

Carlyle snags Goldman’s Alex Chi for head of direct lending
Chi most recently served as co-head of Americas private credit at Goldman Sachs Asset Management

CalPERS rolls out ESG due diligence for private debt investments
The California pension giant also has an investment mandate specific to battling climate change

BCI anchors Arini’s debut private credit fund with USD 200m
In addition to backing the new European direct lending fund, the institutional investor giant plans to deploy more than USD 400m in related co-investments

Benefit Street Partners prices third March deal with 2023-vintage reset
The deal’s overall cost of funding narrowed dramatically, cutting more than 100bps from its pre-reset level

Guggenheim prices ‘quasi-CLO’ rated feeder fund
The deal follows two similar issues from New Mountain over the last 18 months

SRTs aren’t exactly a new idea

CIFC refinances 2013-vintage US CLO
The BSL deal was previously reissued in 2018

Benefit Street Partners prices full refi of 2021-vintage US CLO
The BSL repricing saw the triple As print at SOFR plus 106bps

Oaktree prices its first US new issue of the year
The USD 405.58m BSL-backed CLO comes a month after the manager’s first European new issue of 2025 

Northwestern Mutual prints 2025’s first new short-dated US CLO
The issue also marked the manager’s first issuance activity for the year

Palmer Square prices at record tight with market’s first new static US CLO of 2025
The deal is the tightest static US CLO ever, pricing narrow of the previous mark set in 2018  

Orix refinances top of stack of 2014 vintage from former Mariner brand
Orix Advisers has printed a partial refi of Signal Peak CLO 1, a US BSL deal from 2014 that’s been through two managers, two resets, a refinancing, and a renaming.

UBS refinances Covid-era US CLO
UBS Asset Management has printed a refinancing of Madison Park Funding XLV, a short-dated US BSL CLO that debuted back in July 2020

Blue Earth launches evergreen impact private credit fund
Swiss-headquartered Blue Earth Capital has announced the first close of its first evergreen, semi-liquid impact private credit strategy fund

PGIM to bring mezz fund back to market in 2025
PGIM Private Capital, the middle market private debt business of global investment manager PGIM, plans to launch its latest private credit mezzanine fund next year