Polls close tomorrow for the Creditflux CLO Census 2023
With two days of voting left the seventh instalment of Creditflux’s CLO Census is already the biggest ever with 397 participants

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Boutique asset management firm partners with Australian credit fund manager
A new global credit fund will focus on long-only credit opportunities with the intent of capitalizing on inefficiencies in the credit cycle

Singapore-based private credit firm's latest fund has $205 million first close
The latest fund in the growing APAC private credit market includes investments from institutional investors in Canada, the US and Japan

Loan Highlights 3Q23: Loan volumes remain significantly lower than historical averages
Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets

OMERS turns to APAC for latest private credit opportunities
Goldman Sachs Asset Management and the Ontario Municipal Employees' Retirement System have joined forces again for a new set of investments in the booming private credit market, this time targeting the Asia Pacific region

Fund performance
Positive August for credit sees CLO funds on top again

Credit funds at a glance
Ucits see red in a tough June for returns

Credit hedge funds
Credit hedge funds performance data

Blackstone loses head of private credit in Europe and APAC
Senior managing director will stay until the end of the year before stepping back for personal reasons

Securities regulators call for improvement in practices in CLO market
IOSCO, an international policy forum for securities regulators, has called for improvement in practices in both the leveraged loan and CLO markets.

New infrastructure CLO prices with support from two DFIs
Bayfront Infrastructure Management priced a new APAC infrastructure CLO yesterday, drawing support from a number of government-funded investment programs

Big banks see small changes in CLO holdings — but that may change in third quarter
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements

Private credit takes off in Asia Pacific
Asia is finally joining the global rush for private credit lending with a stream of fund launches

Oaktree partners with Spire Capital for new special situations fund

Spire Oaktree Special Opportunities Fund will target Australian wholesale investors

Barings strikes strategic partnership agreement with Lakemore to support CLO issuance
Barings has entered into a strategic partnership with Lakemore Partners to support the growth of the manager's CLO platform

New IACPM survey points to a global recession
Respondents to the latest IACPM Credit Outlook Survey overwhelmingly expect global economies to fall into recession either later this year or sometime in 2024.

Australian fund manager adds new credit PM
Australian fund manager IAM has branched into opportunistic credit with the acquisition of the River Capital Liquid Credit Fund and credit mandate, which includes a move for the fund’s portfolio manager.

Muzinich places $500 million bet on Asia Pacific region
The investment firm completed the final close for its first Asia Pacific-focused private credit fund with $500 million. 

Loan Highlights 2Q23: Running aground
The global loan market endured a bleak first half of the year, with the overall 1H23 volume falling 28% year-on-year (YoY) to $1.9 trillion, the lowest showing since 2012.

We pulled back because yields didn’t seem to match the risk. Now it’s better
During visits to Melbourne and Sydney last month, conversations with clients and friends about private debt revealed important contexts to understanding how investors there think about the asset class.

Japanese investors and ETFs bid up CLO triple As as US banks cool off
CLOs saw healthy demand from Japan in the first three months of the year, with Japan Post Bank and Norinchukin each increasing investments in the asset class. Japan Post’s CLO holdings stood at JPY2.3 trillion ($17.51 billion) as of 31 March, an increase of $550 million in the quarter and up 32.7% on the year prior. Nochu added $110 million to JPY6.4 trillion ($48.2 billion), or 13% of the bank’s investment portfolio.

Revolution wins private debt mandate from UniSuper
UniSuper, one of Australia’s largest super funds, has announced it mandated Revolution Asset Management to manage an Australian and New Zealand private debt portfolio

CLO market turns international as new investors land
The global CLO market attracted new investors over the first quarter of 2023, according to market sources, while others have moved across the capital stack or into different regions than those to which they have been accustomed

Barings captures Gryphon to boost structured credit business
Barings has bolstered its global structured credit expertise by buying AUD $2.6 billion ($1.72 billion) Austrialian credit firm Gryphon Capital Partners