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

Luxembourg embraces fund tokenisation to court retail investors but concerns over centralised EU supervision linger
Grand Duchy emphasises innovation stance; concerns EU oversight may slow innovation

Apollo’s head of investments Europe says private credit is going through a rite of passage
PODCAST: Speaking on the latest episode of the Credit Exchange podcast with Lisa Lee, Apollo’s head of investments Europe Tristram Leach says he believes direct lending will continue to grow – but it needs to go through a period where there are elevated redemptions in the market

Muzinich appoints Tatjana Greil Castro as global head of investments
The privately-owned corporate credit specialist has also appointed Thomas Samson as global head of high yield and Hugo Wheeler as head of global accounts and marketing

Napier Park’s CIO says firm has stockpiled cash to buy mispriced assets
PODCAST: The alternative asset manager, which oversees USD 40bn in AUM, has been prepping for a repricing of financial assets that predates the Iran war and the software crisis, according to its Chief Investment Officer, Jonathan Dorfman, speaking on the latest episode of Credit Exchange with Lisa Lee

Sponsors reshaping Europe’s chemicals sector add Iran fallout to buyout risks – Dealspeak EMEA
As concerns over European feedstock prices grow amid the fallout from war in the Middle East, the burning question is whether sponsors will continue to reshape the chemicals industry as they have over the past year, with the wave of private equity investment across Europe’s embattled sector names having shaken up an industry traditionally moulded by strategic players

Securitisation market pushes back on key elements of Commission reform
European Parliament rapporteur moots industry-friendly changes to proposals; respondents bristle at definitions of ‘public’ securitisations

Oaktree expands UCITS offerings for EMEA, APAC, and LATAM investors
The Oaktree Global Credit Select Fund is intended to address demand across the regions for regulated, daily-liquidity investment offerings

Alcentra adopts BSP brand, winds down direct lending biz
The Franklin Templeton-owned credit shops have also created a new global executive committee that brings together leaders from BSP, Alcentra and the newly acquired European lower middle market lender Apera

Rising tide swells deal flow as 2026 M&A wave grows
Tech, healthcare, financial services dominated 2025 deal flow, as US inbound soared; UK, EU policy stability, German defence spending support 2026 European deal sentiment

The AI data boom will drive activity in 2026 – MUFG co-head of EMEA capital markets Fabianna Del Canto
The driver for 2026 will be the real step-change in capex requirements all around the AI data boom and the needs of hyperscalers, said Fabianna Del Canto, co-head of EMEA capital markets at MUFG, on the latest episode of the ‘Credit Exchange with Lisa Lee’ podcast

We are seeing an insurance renaissance – AllianceBernstein deputy CIO of insurance Gary Zhu
PODCAST: Innovation on the liability side is allowing insurance companies to change their funding costs and be more competitive, says Gary Zhu, deputy chief investment officer of insurance at AllianceBernstein (AB), in the latest episode of ‘Credit Exchange with Lisa Lee’

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

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

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

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

Fund performance – May 2025
All fund categories head back into the black after two tough months

Fund performance – April 2025
April returns show small improvement, but CLO funds struggle

M&G strengthens European structured credit with Madrid appointment
The hire is part of M&G’s strategy to expand its European origination and research capabilities, supporting the growth that M&G expects to see in structured credit

Fund performance – March 2025
Corporate distressed stays positive as other categories take a dive

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

Trump tariffs will materially impact credit, raise financing costs – Napier Park’s Jon Dorfman
The co-founder and CIO of the alternative credit manager discussed his concerns stemming from the recent economic and policy uncertainty on the latest edition of the 'Credit Exchange with Lisa Lee' podcast

Fund performance - February 2025
Structured finance leads, but all indices stay positive as 2025 begins

Credit hedge funds - December 2024
Credit hedge fund performance

Fund performance - December 2024
CLO funds cap off strong 2024 with yet another good month