Repricing wave brings back pain for CLO arbitrage – Europe Loan Digest
Ineos offers premium talk compared to market; performing credits shave up to 50bps off existing debt

TPG Credit raises USD 5bn for core, upper mid-market direct lending deals
EXCLUSIVE: The alternative credit arm of TPG has launched a new direct lending strategy and raised third-party capital from institutional investors and insurance companies, sources familiar told Creditflux

US levfin community raises USD 4.3m in annual melanoma research fundraiser
The networking evening at the Museum of Modern Art in New York City brought together members of the leveraged finance community across banks, private credit firms, law firms, LPs, private equity shops and more

PineBridge and Blue Owl print new US BSL CLOs
The two managers each issued new deals valued at just over USD 400m

APG leans into private credit, seeks managers with ESG alignment
The Dutch pension investor giant is increasing its exposure to the asset class and evaluating various private credit sub-strategies to create a diverse portfolio

ZAIS Group prepares captive CLO equity fund
EXCLUSIVE: The firm expects to launch this next fund sometime before year-end, a source familiar tells Creditflux

Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

CalPERS expands Goldman Sachs credit commitments, South Carolina picks Barings fund
CalPERS commits another USD 750m to West Street credit vehicles; South Carolina RSIC allocates USD 250m to a Barings fund

Trio of new Euro CLOs prints on busy Friday
The traditional rush to conclude deals in advance of the annual Global ABS conference in Barcelona saw a trio of new issues price on Friday, from Onex, Guggenheim and Rockford Tower

Centerbridge prices first new CLO for 2026 via Santander
Park Blue CLO 2026-XI issued as a USD 433.25m print, with its senior triple As priced at SOFR plus 124bps

North Carolina, Wyoming among systems pursuing alternative credit strategies
North Carolina commits USD 500m, plans another USD 2.8bn; Wyoming, Texas, Illinois target ABL, tactical, opportunistic strategies

Barings prices latest BSL CLO via Deutsche Bank
The capital structure for Barings CLO 2026-II included senior/junior splits for both the triple As and triple Bs

CQS prints second new European CLO for the year
Issuing with a vanilla capital structure, Grosvenor Place CLO 11 priced its triple As at Euribor plus 129bps

Guggenheim resets three-year-old private credit CLO
The triple As priced at SOFR plus 163bps, narrowing 87bps from their existing spread level

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

Obra closes fourth CLO
The manager's latest deal takes its total CLO AUM to over USD 1.75bn since its market debut in November 2024

Oak Hill goes another round with 2013-vintage CLO
Oak Hill Advisors has reset a 13-year-old CLO via Citi, with the USD 576m issue marking the fourth reworking of the deal

Barings works with Pacer to launch two CLO-focused ETFs
One product will focus on investment grade CLO tranches while the other will aim to provide sub-IG CLO and secured debt exposures

GreensLedge head of structured credit investments retires
Matthew Natcharian, a CLO and CBO industry veteran with nearly 30 years of experience, announced his exit this week

Palmer Square prices new US CLO with weighted cost of debt under 148bps
The beginning of the week also saw Arini price its seventh US CLO via Scotiabank

DWS issues 15th infrastructure CLO
DWS has priced RIN XV, the latest in its series of BSL infrastructure CLOs, as a USD 405.4m transaction via Scotiabank

First Eagle taps AlbaCore alum for alternative credit product sales
Edward Berry joins as a managing director in London and will help distribute the firm’s alternative credit products, including those under the Napier Park brand

Muzinich becomes third debut European CLO issuer in 2026
Global credit specialist Muzinich has priced its long-awaited first European CLO, with JPMorgan acting as arranger for the EUR 414.6m deal

US private credit CLO performance shows resilience—S&P
A new report from S&P Global Ratings shows US private credit CLO performance continued to show resilience in April, despite negative headlines

Older, US direct lending funds hold more equity positions, adding risk – MSCI
EXCLUSIVE: Around 15% of the total assets across US senior direct lending funds tracked by MSCI are equity positions of some kind, MSCI head of private credit research Patrick Warren told Creditflux