BC Partners' Rovner joins Runway Growth Capital as co-CEO
Michael Rovner, former managing director at BC Partners, has been named co-CEO and co-CIO at Runway Growth Capital

HarbourVest backs Willow Tree’s USD 730m private credit continuation vehicle
The continuation vehicle acquired a portfolio of primarily first-lien loans to sponsor-backed companies from the late 2020-vintage Willow Tree Fund II and parallel funds

Primary market set to break for summer as new money deals line up for post-summer launch – Europe Loan Digest
At least EUR 19bn of new money deals in the pipeline; Catalent and Groupe Premium close syndication, while Huws Gray, Virgin Media O2 and Altadia were in focus

Goldman’s Americas direct lending head David Miller to retire
Miller, who has spent 22 years at the firm, will transition to become an advisory director and chairman of Americas direct lending at the end of 2026, according to an internal memo seen by Creditflux

BlackRock’s listed BDC sells USD 523m private credit portfolio to Pantheon
The sale of assets will significantly cut the listed BDC’s exposure to the software sector

Franklin Advisors issues first new CLO in 14 months
The manager's first deal of 2026 included a senior-junior split in its equity notes

Blackstone prices new Euro CLO at AAA market tight
BNP Paribas was the sole arranger for the EUR 404.3m Lakelands Park CLO

Carlyle enters fundraising ‘super cycle’, racking up USD 30bn in inflows for 1H
The alternative asset manager also expects to be back in market with its flagship credit opportunities fund

Marc Rowan predicts more to come on Apollo's CLO variant AMAPS
Apollo CEO Marc Rowan says that there is more to come with AMAPS, as he predicts that the industry will start moving more towards public markets

Apollo resets seasoned US deal with huge additional equity injection
The repricing of the 2017-vintage RR 2 CLO included a mammoth USD 322.65m in added equity

Strategic buyers drive financial services M&A as sponsors face AI disruption pressure
PE facing challenges on investment and exit sides; investment management maintains rising deal count, while sponsor appetite remains strong for insurance brokerages

Garnet issues seventh CLO with USD 512m print
The senior triple As, issued as a split of loan and note paper, priced at SOFR plus 123bps

HPS prices AAAs at 125bps for newest European CLO
HPS has priced a new European CLO via Jefferies, with RBC acting as a co-placement agent on the EUR 405m issue of Aqueduct European CLO 18

Wellington prices first new CLO in 12 months
The deal's triple As priced at SOFR plus 122bps, reflecting relatively narrow pricing for an infrequent issuer, but in line with Wellington's ability to execute tight prints

Carlyle resets 2024-vintage CLO valued at USD 570m
Carlyle has reworked a two-year-old US BSL CLO, with Goldman Sachs serving as sole arranger on the transaction

CVC and Partners issue new half-billion-dollar-plus US BSL CLOs
CVC's Apidos CLO LVIII issued via Bank of America with a value of just under USD 558m, while Partners' Pikes Peak CLO 23 was upsized to USD 510m and was arranged by Morgan Stanley

Ardian taps Carlyle’s MacKenzie to lead European CLO business
Caryle’s former head of liquid credit Stuart MacKenzie has been hired by Ardian to run its European CLO business

Pace of improvement in credit quality slowing down – KBRA
KBRA’s second-quarter Private Credit Middle Market Compendium found evidence of mounting pressure building across the market, with median revenue and EBITDA compound annual growth rates declining to 12% and 24% respectively, from 13% and 27% in Q1

Allstate resets 2022-vintage US BSL CLO
The manager priced AIMCO CLO 18 through BNP Paribas, with the USD 480m transaction including a USD 20m equity injection

Latest Ares private credit CLO sees AAAs clear at 145bps
Ivy Hill Middle Market Credit Fund XXV issued with a value of USD 403.2m and a 2Y/5Y schedule

PGIM and PineBridge issue USD 450m BSL CLOs
PGIM's Dryden 133 CLO, arranged by Scotiabank, was upsized to a total value of USD 457m, while PineBridge's USD 452.4m Galaxy 38 CLO printed through Bank of America

BlackRock becomes latest to issue static private credit CLO
The manager's latest print follows static private credit CLO prints in recent months from Fortress, Blackstone and Barings, as well as the manager's own BlackRock DLF IX-L CLO 2026 Static in January, which issued as an unusual single-tranche CLO

LGT Capital Partners prices fourth CLO
Legato Euro CLO IV was arranged by Morgan Stanley and attracted orders from over 20 existing and new investors across the capital structure

Octagon criticises ‘coercive’ use of sweeteners offered to CLO fund shareholders
Shareholders in the XFLT fund have been offered access to a series of tender offers if they vote to oust sub-adviser Octagon, a move described by Octagon as “coercive”

Michael Curtis leaves Fidelity as firm begins search for new co-PM
EXCLUSIVE: Michael Curtis will leave his role as head of alternative credit at Fidelity Investments on 31 July, according to a source familiar