Franklin Templeton open to further acquisitions
Franklin Templeton lacks scale only in infrastructure, on debt and equity sides; looking to balance proportion of US assets, interested in European and Asian expansion

KKR looks to scale multi-asset credit solutions as credit AUM grows
KKR’s credit AUM has grown by 50% since 2021, the firm revealed in a presentation by Christopher Sheldon, the firm’s global co-head of credit and markets

Bond realities and credit crowding
Global sovereign bond yields are going haywire. US Treasury Secretary Scott Bessent is furiously trying to bring down borrowing costs, and, as we go to press, the Treasury Department said it would increase its extraordinary bond buying up to USD 6bn

Credit markets brush off government bond fears
The world is playing one big game of chicken, and it’s hard to say who will break first as the pressure builds. The US Treasury Secretary has challenged the market to bet against him as Treasury yields spike — but financial markets are still chugging along, unable to decide who is bluffing

Private credit funds find their own version of a CLO reset
The private credit secondaries market has seen a rush of activity in recent years, driven by general partner-led deals. These private credit general partners can recruit private credit secondaries investors to essentially reset the clock on an older vintage fund and present an early exit option for limited partners in the existing fund

News in brief
Top stories on creditflux.com: possible Palmer Square sale and Serone hires

CLO ETFs achieve milestone moment
CLO ETFs are surging past USD 50bn, opening the asset class to a much broader investor base and accelerating growth in Europe, but changing market conditions could test performance

In times of uncertainty and flux, clarity and surefootedness from policymakers are essential
Market interventions could thwart already-fragile bull run, but fiscal restraint is a no-go with voters, writes John West

Credit funds at a glance – September 2026
Our roundup of top performers, fundraising and moves in credit

Credit hedge funds – September 2026
Credit hedge fund performance

CLOs at a glance – September 2026
Our list of recent CLO pricings globally

UBS O’Connor execs launch new private credit shop
EXCLUSIVE: Rodrigo Trelles and Baxter Wasson have launched RiverBay Capital after leaving the former private credit division of UBS last year, sources tell Creditflux

American firms target European private credit expansion in lower mid-market
US-based managers seek to capitalise on growing demand for European credit

Pemberton co-founder says M&A will drive European growth over the next decade
PODCAST: Symon Drake-Brockman, co-founder and managing partner at Pemberton Asset Management, tells Lisa Lee on the latest epiosde of Credit Exchange that the speed of the corporate market can contribute to creating highly competitive businesses which look more like the US

In case you missed it: Palmer Square explores possible sale of its business
Creditflux reported on 14 August that Palmer Square is holding conversations and is looking at both organic and inorganic growth options

CVC hires TPG's Sisitsky as future co-CEO as Rob Lucas plans to step back
CVC’s CEO Rob Lucas will step back from his role, to be replaced with former TPG president Todd Sisitsky and current CVC President Peter Rutland as co-CEOs, according to a company announcement

Oak Hill Advisors’ CIO says private credit shops could end up owning more companies than in the past
PODCAST: The impacts of ongoing AI dislocation and over-levered deals mean private credit managers could end up owning more companies than they have traditionally done, predicts Alan Schrager on the latest episode of Credit Exchange with Lisa Lee

Ares co-head of US direct lending says there is real dispersion for the first time in years
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Kort Schnabel notes that dispersion among direct lenders is manifesting in a few different ways

Victory Capital to acquire CLO manager First Eagle Investments
First Eagle will retain its branding and operate on Victory Capital’s platform following the USD 7bn acquisition

Banks, managers add staff for private credit syndication
Banks see private credit syndication as a way to reclaim fees as more borrowers tap both private credit and broadly syndicated loan markets, Mission Staffing managing director Eric Vaheb told Creditflux

North American private credit fundraising tumbles, ceding ground to global strategies—S&P Global
While fundraising boomed for European and multi-region private credit strategies, private credit focused on North America dropped 13% year-over-year

Hayfin in active talks with buyers for its US CLO unit
EXCLUSIVE: The London-headquartered credit platform is mulling selling the US arm in entirety or just the CLO assets, according to a source

CLO managers invest in distressed experts in expectation of higher LME environment
EXCLUSIVE: Carlyle and BlackRock are among the CLO managers who have invested in distressed and special credits teams ahead of an expected rise in defaults and LME activity 

Foreign currency movements erase credit net returns at CPP Investments
Net returns across private and public credit fell to 3.7% in fiscal 2026 from 14.4% in 2025, the Canadian institutional investor reported

Orrick adds another partner to its CLO practice in New York
Former DLA Piper special counsel Steve Lozner has joined Orrick’s structured finance team as a partner in New York with a focus on CLOs