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

Neuberger Berman restarts post-Barcelona Euro activity with new issue
The manager returned to European primary market issuance for the first time in 14 months with its latest print this week

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

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

CLOs to maintain strong performance, offer attractive carry opportunities – Goldman Sachs
The asset class offers an appealing investment given underlying fundamentals and narrowing IG spreads, according to an investment outlook briefing from the firm this week

Squarepoint makes moves to debut as CLO manager
EXCLUSIVE: Global investment firm has been interviewing candidates to launch a CLO business 

Elmwood hires senior Barclays banker for European CLO push
Michael Clarke has joined the firm this week alongside new Head of European Credit Aly Hirji

European Commission proposes securitisation revamp
Formal proposals aim to fuel the European economy by facilitating securitisation

Polus holds EUR 425m initial close for third CLO equity fund
It marks one of Europe’s largest CLO equity capital raises to date

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Santander Asset Management plans SRT fund launch
EXCLUSIVE: Santander Asset Management is planning to launch a fund that will invest in significant risk transfer (SRT) transactions, according to sources familiar

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

Investors say CLO market is hot but caution remains
Optimism is returning to the CLO market in both the US and Europe and momentum is rapidly rebuilding, as investors acclimatise to the policy vagaries of the second Trump administration

Investors opt for debt as alternative to secondary sales to generate liquidity
Investors are increasingly seeking financing as an alternative to selling their fund stakes on the secondaries market

‘Opportunities will present themselves’
Investor's Corner with Kathy Sutherland, GoldenTree CEO

News in brief
US credit returns fail to reflect risk

Growth in structured finance sets off legal merry-go-round
The departure of John Goldfinch from Milbank’s structured finance practice in late 2023 began a succession of moves between law firms looking to expand their structured finance practices

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

GoldenTree snaps up global award... again
Last year, GoldenTree was named Creditflux Global Manager of the Year. This year it repeated that achievement — but it also swooped for our US manager of the year and closed-end fund awards

We made it through to the other side
LMEs and Trump tariffs were hot topics at the Creditflux CLO Symposium 2025. But managers agreed that the market has survived — and maybe even thrived — through recent volatility

We’re ready to grow
The first day of the Creditflux symposium was dedicated to asset-backed finance. Attendees said stable regulations were helping the sector flourish — and predicted it could hit USD 20tn

As direct lenders seek efficient, scalable financing tools, private credit CLOs are growing fast
PCLOs have reached USD 135bn, or 13% of the overall CLO market

The market will not look kindly on managers that don’t reset their deals
In today’s CLO market, the choice is stark: reset or slowly perish

Fund performance – April 2025
April returns show small improvement, but CLO funds struggle

Credit hedge funds – April 2025
Credit hedge fund performance