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

Credit hedge funds – August 2025
Credit hedge fund performance

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

IMF sounds alarm on bank exposure to private credit
A new IMF report found that the growing appeal of non-bank financial institutions, such as private credit funds, poses a risk to global financial stability

Brookfield to buy remaining Oaktree stake, becoming full owner
The USD 3bn transaction will give Brookfield full ownership of the top-40-ranked CLO manager

Värde appoints head of ABF, hires ex-KKR MD
The appointments come as the firm looks to expand in the asset-based finance sub-sector of private credit

There’s tremendous fragility in the system – PGIM’s co-CIO Greg Peters
PODCAST: “Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment officer at PGIM Fixed Income, on the latest episode of Credit Exchange with Lisa Lee

First Brands factoring provider Raistone seeks examiner over USD 2.3bn in missing funds
Alleged disappearance of third-party factored receivables sparks demands for the appointment of an examiner

Orrick reveals expansion plans following arrival of new CLO team
EXCLUSIVE: David Quirolo, partner in Orrick’s London office, intends to build out the firm’s London-based structured finance team 

Cadwalader starts to rebuild with trio of partner promotions
EXCLUSIVE: Cadwalader has appointed three new partners, after losing 37 members of its CLO and asset-backed lending team to rival law firm Orrick

Orrick hires 37-lawyer team from Cadwalader, headlined by Quirolo
The experienced CLO specialist headlines a major recruitment of CLO and ABF lawyers across both European and US offices

Private credit shop Corinthia mulls entry into CLO issuance
EXCLUSIVE: The firm has begun deploying the USD 5bn of capital it raised for direct lending and eyeing next step to kick-start middle market CLO issuance 

First Brands' distorted balance sheets serve as warning to private credit lenders – Market React
Company secured fresh debt despite missing payments to Onset Financial; Special committee investigates double invoice pledging

Altice France new capital structure starts trading as investors consider M&A potential
Restructuring completed as secured debt trades; break-up of Altice France business possible through sector consolidation

A slow, global rebalancing away from the US dollar and Treasuries – Amundi’s Grégoire Pesques
PODCAST: There is a major need for diversification away from the US dollar, says Grégoire Pesques, CIO, global fixed income at Europe’s largest asset manager Amundi, in the latest Credit Exchange podcast with Lisa Lee. In the meantime, the lack of obvious safe havens has seen gold a big winner

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

Blackstone’s Jane Lee to leave the firm
EXCLUSIVE: Blackstone's head of CLO capital formation who spearheaded its CLO issuance has resigned to take time off

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

Pseudo-trading plan language becoming increasingly formalised for CLOs – Dealscribe
The new report " new CLO basket is born" says that the development makes aggregation period language “nearly identical” to a traditional trading plan

CLO market braces for First Brands fallout
Auto part supplier's leveraged loan has been bid at 40 cents on the dollar, boding ill for recoveries and a hit to equity returns, as First Brands hurtles toward a restructuring

Crescent hires MDs for significant risk transfer strategy
The private credit manager’s bank capital solutions strategy focuses on credit risk-sharing deals

Hayfin hires two MDs for product and sales
The two managing directors will join the firm’s partner solutions group that focuses on creating new products and reaching new investors

Private credit has won the buyout financing game – Churchill’s Randy Schwimmer
PODCAST: “Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman and chief investment strategist at Churchill Asset Management, on the latest episode of Credit Exchange with Lisa Lee