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

The tide of easy money pushes everything upwards – Satori Insights founder Matt King
The end of the US government shutdown has paved the way for a “renewed melt up,” says Matt King, founder of Satori Insights, on the latest episode of Credit Exchange with Lisa Lee

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

Morgan Stanley launches private market fund for European individual investors
The new product from Morgan Stanley Investment Management will invest across private equity, private credit, real assets and some public assets

CVC launches dedicated private credit secondaries platform
The alternative asset manager tapped Henri Lusa, a former managing director at Partners Group, to lead the new effort

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

Hey Google, can AI chatbots replace investment bankers?
Is artificial intelligence coming for investment banking jobs and mandates? Some experts see it as inevitable – but others say the technology cannot replace the power of bankers’ people skills and nuanced market knowledge

Venture debt firms sound first notes of caution about AI
Venture debt loves a high-growth industry, and the growth story of the century has been artificial intelligence (AI). As some of the first investors in AI scale-ups, venture debt firms can take some credit for this success

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

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

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

Private credit is too small to create a global financial crisis — but there are plenty of other storm clouds gathering
Total bankruptcy filings have climbed every quarter since June 2022

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

Credit hedge funds – September 2025
Credit hedge fund performance

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

Oaktree Capital’s Robert O’Leary on threats, opportunities in global credit
Credit secondaries set for continued growth as financial sponsors seek liquidity solutions; high-yield bonds seen as defensible, while opportunistic strategies may benefit from distress

Neuberger Berman raises USD 7.3bn for US direct lending
The firm held a final close for NB Private Debt V, which will be used to invest in senior secured, first-lien and unitranche direct loans

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

Lessons learned from First Brands and Tricolor – Tetragon co-CIO Dagmara Michalczuk
“The governance issue, although it seems like a soft and fuzzy idea, is incredibly important,” Michalczuk told Creditflux managing editor Lisa Lee on the latest episode of the Credit Exchange podcast

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

Global CLO law firm rankings – Q3 2025
Creditflux’s latest global CLO law firm league tables sees A&O Shearman sliding down the rankings following some high-profile departures, while in the arranger tables, Paul Hastings has opened up its lead over second-placed Cadwalader to a mammoth USD 100bn

BlackRock launches securitised fund investing up to 30% in CLOs
The BGF Securitised Fund has a remit to invest in AAA to BBB tranches of European and US CLOs