Exit requests for Apollo, Ares private debt funds top double digits
Both of the semi-liquid, perpetual nontraded BDCs chose to cap share repurchases at the originally offered 5% limit, forcing many investors to wait another quarter for a full exit

Investors scrutinise AI disruption and opportunities in the European loan market
Lower EV, high leverage elevate credit risk and refi challenges; AI-driven sell-off creates selective buy opportunities

Bain prices BSL and private credit CLOs in same day
The manager’s new US issue, along with its reset of a 2018-vintage private credit CLO, totalled just under USD 1.06bn in value

Majority of LPs expect to mix public and private credit despite liquidity challenges – BSP survey
Within the next five years, 59% of global institutional investors expect to take an integrated approach to public and private credit investments, new research from Benefit Street Partners shows 

Euro CLO market perks up to close out week, as LGT and Capital Four price deals
A new issue from LGT Capital Partners and a reset from Capital Four came after a tepid week of issuance, impacted by the ongoing disruptive impacts of AI on software loans, allied to uncertainty stemming from the war in Iran

FoxPath to launch rated note feeder fund with backing from RGA
EXCLUSIVE: The new rated note feeder fund will invest in the firm’s debut private credit secondaries fund

Sona markets new Euro CLO
Jefferies has been engaged as the arranger for Sona Fios CLO VII, with the deal set to price toward the end of next week

Birch Grove and Napier Park price US BSL CLOs
Birch Grove CLO 16 priced its triple As at 120bps, while Napier Park’s Regatta 36 Funding saw its senior top-of-stack paper clear 5bps wider

Arini preps fresh CLO, breaking new Euro issuance pause
EXCLUSIVE: The latest print will be the manager’s first new European issue of the year, and comes at a time of caution in the primary market

New York, Texas among systems making opportunistic, real estate credit allocations
NYSCRF allocates USD 550m to Apollo, Kennedy Lewis; TCDRS commits USD 150m to Blue Owl real estate fund

Elmwood, Garnet price similarly-structured US BSL CLOs
Elmwood CLO 48 was arranged by Citi, while Garnet maintained its impressive rate of issuance with its sixth deal in just 10 months

JPMorgan Commercial Bank taps new head of syndicated finance
The new head previously worked as head of Northeast and Canada regional leveraged finance in the global investment banking group

Trinity strikes first-out lending JV targeting US lower middle market
Trinity Capital is partnering with another listed BDC, Capital Southwest Corporation, on the 50-50 joint venture

Palmer Square issues 2026's first static European CLO
Arranged via JPMorgan, the half-billion-euro new issue priced its triple As at 100bps over Euribor

ABS primary braves geopolitical uncertainty as spreads start to feel pressure – European ABS Weekly Digest
The European ABS primary market mostly shunned geopolitical risk this week as seven deals priced, two of which were pre-placed

European CLO default rate remained stable in 2025 — Fitch
The annual default rate remained largely stable for EMEA CLO portfolios in 2025, while defaults decreased among issuers rated CC or below, according to new data from Fitch 

Cash-poor LPs find side door to Carlyle’s new buyout fund
The alternative asset manager is offering select institutional investors an alternative to committing new cash to its upcoming private equity fund

Nassau prices third US CLO
Arranged by Wells Fargo, the USD 404m offering priced its triple As at SOFR plus 131bps, toward the wider end of the current primary market

Morgan Stanley caps semi-liquid private credit fund redemptions at 5% limit
Investors rushing to exit the perpetual nontraded BDC will get less than half of their money back. Redemption requests surged to approximately 10.9% this quarter, an investor letter shows

New US CLOs see mezz widening even as issuance maintains steady pace
Over USD 2.4bn of new CLO paper priced on Tuesday and Wednesday as Blackstone, Nuveen, Voya, Sixth Street and KKR all printed new BSL transactions

JPMorgan cuts back lending to private credit funds after loan markdowns
The pullback comes after the bank marked down the value of certain loans held by private credit funds that served as collateral

European CLO issuance restarts after brief lull as Bain prints new issue
European CLO issuance kicked into gear on Wednesday morning after a short lull, as Bain Capital priced its first new Euro print for the year with a EUR 403m print via BNP Paribas

First Brands seeks expedited sale of Walbro business for USD 50m to Overdrive Capital
USD 50m cash purchase price plus assumed liabilities, Polaris Industries as guarantor; expedited approval needed due to funding constraints and potential job losses

Eagle Point raises USD 559m to lend to credit funds
The Eagle Point Defensive Income Fund III exceeds the initial USD 500m hard cap

Citi announces debt capital markets co-heads, including a hire from BofA
The new co-heads will fill the open spot left by head of global debt capital markets Rich Zogheb, who is retiring after 40 years in the industry