All aboard the legal merry-go-round
A series of high-profile movements among CLO law firms have underscored the importance of top-tier counsels. With partners in place, the focus is now shifting to the next generation

Apollo takes crown as 2025’s top issuer
For the first time, the combined issuance of Apollo Global Management’s three CLO brands has secured it top spot in the Creditflux ranking. The firm beat second-placed Blackstone by USD 1bn

LFFM event makes life-saving return
Leveraged finance leaders meet in London to support the Melanoma Research Alliance, raising millions and spotlighting the breakthroughs that are now helping fight many types of cancer

How to evaluate CLO managers
Portfolio manager incentives and MVOC volatility are crucial factors for CLO equity investors, says Dagmara Michalczuk

PE is about more than leverage
Private equity should align the interests of owners, operators and investors, writes Randy Schwimmer

Fund performance – December 2025
All categories end 2025 positively as Pictet Alt takes 12-month crown

Credit funds at a glance – December 2025
Our roundup of top performers, fundraising and moves in credit

Credit hedge funds – December 2025
Credit hedge fund performance

CLOs at a glance – December 2025
Our list of recent CLO pricings globally

Apollo partners with Schroders on public-private credit
The two will launch a US collective investment trust in the second quarter for 401k defined contribution investors and create new products for UK wealth clients

Private credit makes its pitch to private wealth at IPEM
Private credit fundraising up 20%, European funds gain on US uncertainty; evergreen products emerge to tap private wealth despite liquidity and valuation challenges

New filings detail Patrick Drahi's diversion of assets to detriment of certain Altice creditors – report
EUR 4.5bn loan affected, 55% of Altice International's assets; creditors explore litigation, including covenant breach and conveyance claims

Ares plans to raise a USD 6.6bn alternative credit fund in just six months
The alternative asset manager also said on its fourth quarter earnings call that it is preparing a final close for its latest opportunistic credit fund

US lev loans, CLO spreads move in opposite directions as market worries deepen over software loans
ANALYSIS: The unusual dynamic has been driven by worries about disruption from artificial intelligence, as investors fret about the potentially wide-ranging impacts across a range of sectors

New Euro CLOs price from Signal and Cross Ocean
Signal Harmonic CLO Vi was arranged by JPMorgan and takes the total AUM for Signal's CLO platform to EUR 2.7bn, while Cross Ocean Bosphorus CLO XII issued via Morgan Stanley

European BSL market upped risk to win deals in 2025 – White & Case
The BSL market issued a higher percentage of loans rated below BB against a backdrop of patchy M&A flow

PineBridge prices first new European CLO in seven years
The EUR 356m issue also marked the first European CLO primary issuance activity of any kind from the manager since 2021

Global CLO law firm rankings – FY 2025
Milbank and Paul Hastings again top Creditflux’s global legal manager and arranger counsel rankings for 2025 – but the shifting legal landscape drove changes further down

Partners reset tips Euro CLO AAA tight down to 121bps
Partners’ latest European CLO reset set a new tight for European CLO triple A spreads, as the rapid bout of spread tightening taking place in both the US and Europe over the last couple of weeks showed little immediate sign of abating

CLO platform M&A sees green shoots
ANALYSIS: CVC’s recent agreement to acquire Marathon Asset Management in a deal that sees the top European CLO player double-down on its US CLO presence may prove the start of trend 

Pantheon backs Eurazeo in EUR 480m private debt secondaries deal
Eurazeo announced it has closed a continuation vehicle, allowing some LPs to liquidate their shares early

Apollo nudges European AAAs down to 122bps
Barclays was the lead arranger on the reset of RRE 19 Loan Management, valued at EUR 362.5m, which also included Apollo as a co-placement agent

CLO investors push managers on arb; delaying European issuances
Conversations between CLO investors and managers around arbitrage may be causing a delay in new issuances, sources say

CLO lawyers lobby European regulators on investor due diligence proposals
London-based CLO legal teams are lobbying the European Commission on key proposals that might penalise investors

Prepare for a swift credit pullback when the bullish run ends – Deutsche Bank
The likely new US Federal Reserve chair may be more hawkish, and the progress made in artificial intelligence could disrupt credits in the software sector, DB analysts warn