Apollo records USD 13bn in private credit trading volume
In the 18 months since launching a dedicated trading desk focused on Apollo-originated private credit, the firm has worked with more than 100 unique counter parties, according to a new report

King & Spalding adds former Proskauer partner in fund finance biz build out
The law firm has recruited Ron Franklin, who previously served as co-head of the corporate & fund finance group at Proskauer Rose

Non-US investors, family offices drove redemption requests at Ares private credit fund
The firm’s perpetual nontraded BDC once again offered to repurchase 5% of shares outstanding in the second quarter to facilitate exits but was met with excess demand

European CLO issuance kicks into gear as spreads tighten in
European triple A spreads tightened this week to a new low of 124bps, with new issues hitting the market from Blackstone, Palmer Square, Apollo, Spire and ICG

CVC prints new US BSL CLO through Scotiabank
Apidos CLO LVII was valued at USD 556.55m and saw its senior triple A paper clear at SOFR plus 120bps

Bridgepoint prints tight with second new CLO for 2026
Bridgepoint's latest new European CLO, which issued Wednesday, priced with its weighted average cost of capital ducking beneath 190bps over Euribor

Morningstar, Houlihan Lokey collaborate on CLO indexes
The two firms will launch the Morningstar Houlihan CLO Indexes later this year to create reliable benchmarks for the growing CLO market

LPs press pause on private credit allocations as demand cools—Coller
Fewer institutional investors plan to increase their private credit allocation targets over the next 12 months and some are worried about systemic risk, according to a survey conducted by Coller

Redding Ridge prices newest US BSL CLO with AAAs at 120bps
The manager issued its latest deal via RBC as a USD 506.1m transaction

Exit requests tick up at Morgan Stanley’s semi-liquid private debt fund
Share redemption requests at perpetual nontraded BDCs continue into the second quarter, with Morgan Stanley Investment Management being the latest to report a quarter-over-quarter increase in requests

RBC’s head of new CLO issuance departs for TD Bank
Christopher Heron has left RBC after more than 20 years at the bank, amid a wave of moves in the CLO arranging space

Exit requests for Apollo’s semi-liquid direct lending fund increase to 16.8%
Share redemption requests at perpetual nontraded BDCs are continuing, as Apollo follows Blackstone and BlackRock HPS in reporting a quarter-over-quarter increase in the amount of investors seeking an exit

Software loan shakeout in CLOs still to come—Barings
As an investor in US CLO tranches, the asset manager has observed that most CLOs have not made major changes to their software book despite concerns about artificial intelligence threatening the sector

Bank of England outlines details of latest private market stress test
The central bank is exploring how private markets would respond during a severe global downturn

Carlyle maintains strong CLO issuance pace with fourth new US print this year
The manager paired with Bank of America to price Carlyle US CLO 2026-4, which was valued at USD 507.1m

Barings recruits BofA lynchpin as head of CLO capital markets
Bank of America’s head of US CLO structuring Ankit Aggarwal is leaving to join Barings as its head of CLO capital markets, sources familiar have told Creditflux

Fortress reinforces primary market presence with latest BSL CLO
Fortress has followed up a static private credit CLO print earlier this week with its latest BSL deal

Semi-liquid private credit funds lose USD 1bn in net assets – Morningstar
Capital inflows into semi-liquid private credit funds, such as perpetual nontraded BDCs, are losing momentum while private equity products see a rise in demand

Dividend recaps stall as lenders pull back, sponsors eye alternatives
Dividend recap volume has fallen amid deep uncertainty even as GPs seek more DPI; lenders have retreated over market conditions and a dearth of quality transactions, while rising continuation vehicle usage has reduced the number of dividend recap candidates

Kem One releases cleansing materials detailing restructuring proposal
Proposal involves 2028 SSNs being extinguished; restructuring close targeted for 2H26

Aquarian prices first new CLO under new liquid credit shelf
Aquarian CLO 1 is the first deal to price from Aquarian Liquid Credit, which was established last year as a new group within Aquarian Holdings

Illinois, Sacramento County among systems targeting asset-backed, real estate debt
Illinois commits USD 250m to direct lending, USD 35m to real estate debt; Sacramento, Louisiana pensions commit to USD 8.5bn Ares Pathfinder III

Direct lenders trade USD 5bn Dun & Bradstreet private credit loan at 95 cents on dollar
EXCLUSIVE: The giant USD 5bn unitranche, which brought together more than 20 direct lenders to back Clearlake’s acquisition of Dun & Bradstreet last year, is now being shown to private credit managers at a discount

BlackRock HPS reports exit requests over 13% for semi-liquid direct lending fund
HLEND, the private credit fund designed for individual investors, will repurchase 5% of shares outstanding to create around USD 620m of liquidity for investors

Private credit is undergoing “healthy correction”—Third Point
Retail capital is flowing out, and the industry may see business development companies buy each other or liquidate, panelists said during the iConnections Global Alts conference last week