Benefit Street Partners prints tight with latest CLO
The USD 405m deal saw its triple A paper clear at the tightest level since the beginning of May

Obra prints its second US CLO
The USD 504m deal comes six months after the manager’s debut offering

KKR sees funding costs widen with reset of ultra-tight Euro deal
Triple As priced at Euribor plus 138bps in the latest reset

UBS prices two US CLOs in two days via Nomura
The new issue and the reset together totalled USD 1.15bn in size

Silver Point prices third new half-billion-dollar BSL CLO for 2025
Silver Point CLO 10 is the manager’s fourth consecutive new BSL issue to top USD 500m in deal size, and its third so far this year

CVC reworks 2018-vintage US CLO
The deal, which included a 55% equity upsizing, saw the overall cost of funding increase slightly from its pre-reset level

Blackstone makes it a Euro trifecta for May with latest reset
The manager’s reworking of its Wilton Park CLO showcased the market’s trend toward tightening in the lower mezz

Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Connecticut, San Francisco among funds making new private credit moves – Public Pensions, Private Pursuits
EXCLUSIVE: Connecticut plans commitment to Anchorage Capital distressed credit funds; San Francisco, North Dakota, and Dallas funds disclose recent commitments

Euro CLO spreads tighten as Onex prices latest new issue
The CLO was the tightest to price in Europe since the resumption of issuance three weeks ago, both for triple As and the mezz

Apollo prices newest CLO with triple As at mid-130s
RR 40 issued with its top-of-stack paper at SOFR plus 134bps

PineBridge resets 2023-vintage US CLO with triple As at 146bps
The latest in a series of 2023-vintage resets knocked 40bps off the spread at the top of the stack

Buyout Highlights - Overview of Europe Buyout and Financing Trends 1Q25
Leveraged loans are again the main source of financing for LBOs in Europe, providing 65% of the total volume issued in 1Q25  

Bain adds to two-year-old CLO reset wave with latest US repricing
The reworking of the BSL CLO lowered the overall cost of funding by almost 60bps

Permira issues its first Euro deal of 2025
The offering follows the London-based manager’s second US CLO last month

Golub reset of 2023 US BSL deal prices triple As at SOFR plus 145bps
The reset comes two months after the manager reset another two-year-old CLO in the largest-ever middle market deal

AB opts for short duration with latest BSL issue
The USD 402.1m deal comes three months after the manager's last new issue, a mid-market CLO

MidOcean prints new short-dated US CLO
The 1Y/3Y BSL issue priced its senior triple As at SOFR plus 145bps

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Marathon issues first post-tariff print
The manager priced its first US deal in two months, with a reset of its two-year-old Bryant Park Funding 2023-20

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat

Tariffs kill off year-long CLO boom
The global impact on CLOs of President Trump’s tariffs was plain as volatility increased and spreads blew out. But managers helped keep US issuance steady with print-and-sprint deals

Palmer Square prints new US BSL CLO with triple As at SOFR +136.33
Spreads in Palmer Square CLO 2025-2 are well outside those of Palmer Square CLO 2025-1

Blackstone prices second new European issue after market pause
Tully Park CLO priced with the tightest triple As for a Euro deal since dealmaking resumed at the end of April

Direct lenders ‘cruise,’ but watch for tariff impact
Private credit managers, investors of all types and service providers gathered in Nashville for DealCatalyst’s annual private credit conference