CLO industry in push to increase use of AI in 2026
ANALYSIS: Investors are already using AI to evaluate managers and CLO documentation

Key theme for 2026 will be growth in the loan market – Eagle Point founder Tom Majewski

Growth in the loan market will be an important market driver this year, the founder of Eagle Point Credit Management says on the latest episode of Credit Exchange with Lisa Lee; also shares Eagle Point ressearch that shows LMEs at 2% per year on top of default rates

London calling
For the final issue of 2025, the Creditflux magazine casts its eye toward London, the capital of European private credit, and looks at how the asset class took shape in the UK and elsewhere in Europe

‘In 2026 we will see data-centre term loans’
2026 outlook with Lauren Basmadjian, global head of liquid credit at Carlyle

News in brief
Private credit firms brace for Bank of England’s 2026 stress test, data centre development dwarfs all other infrastructure spending, and operators tap securitisation deals to fund Europe’s data centre boom

BSL markets again demonstrated their fundamental resilience
In 2025, CLO issuance remained strong, despite LMEs, defaults and tariffs. Next year should be similar, if managers don’t become complacent

Fund performance – October 2025
Corporate distressed rises again but outliers drag down CLOs

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

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

TwentyFour AM favours European CLO equity going into 2026
In comparison, US CLO equity faces more challenges related to LMEs and refinancing activity, the asset manager said

CLOs take the stage at Abu Dhabi Finance Week
Investors turn to CLOs amid lower returns in private credit; private credit managers anticipate active deployment environment in 2026

Bank of America Research projects record year for US CLO issuance
The bank forecasts some USD 600bn in deals expected to hit the market, more than 19% ahead of this year’s issuance total, while it also sees at least eight debut managers coming to market in the US in 2026

CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

North American and European credit defaults to fall next year – S&P Global
Global credit default rates will remain contained next year with North American defaults falling to around 4% 

CLO issuance projected to hit new records in 2026 – KBRA
The ratings agency projects USD 220bn in issuance across US BSL CLOs and private credit CLOs as well as five to six European private credit CLOs next year

Record gross supply but meagre risk/reward ratio for CLOs next year, says JPMorgan in 2026 outlook
The bank is forecasting a new record gross supply figure of half a trillion dollars next year for the US CLO market, but that headline figure belies the ‘recycled’ nature of much of the supply, with new origination expected to decline by around 20%

M&A and LBO activity set to accelerate next year – Moody’s 2026 levfin outlook
The increase in dealmaking activity is set to be driven by LBOs, due to rising pressure for PE shops to deploy a record level of dry powder

Concerns growing about potential turn in the credit cycle – Goldman 2026 outlook
Investors should monitor signs of late-cycle behaviours, with the possibility that pressure on leverage ratios may result in credit ratings downgrades, Goldman Sachs Asset Management said in its 2026 investment outlook

CLO managers find AI risk spreading far and wide
CLO managers are finding that the ramifications of AI are central to their business. Will the technology have a marginal effect on the companies to which they have lent money, or could it wreak havoc?

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

Liquidity Ladder: Scale may bring attention, but visibility is emerging as the currency of market liquidity
In his third and final article, Daniel Ezra looks at how a CLO manager’s visibility can impact deal pricing

As the US courts become more involved, the number of aggressive LMEs should decrease
Loan and CLO investors would be better served by working together

Fund performance – September 2025
CLO funds struggle while other categories stay positive

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