Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Squarepoint makes moves to debut as CLO manager
EXCLUSIVE: Global investment firm has been interviewing candidates to launch a CLO business 

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Growth in structured finance sets off legal merry-go-round
The departure of John Goldfinch from Milbank’s structured finance practice in late 2023 began a succession of moves between law firms looking to expand their structured finance practices

Fund performance – April 2025
April returns show small improvement, but CLO funds struggle

Signal prices second new CLO for the year
Signal Capital Partners has printed its fifth new European issue and its second of the year

US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

The M&A market is normalising – Ares’ Matt Theodorakis
PODCAST: “People are looking to do deals going forward” after taking a pause following ‘Liberation Day’, Theodorakis told Lisa Lee, managing editor at Creditflux, on the latest Credit Exchange podcast

Bridgepoint resets 2023 Euro CLO
The reset of Bridgepoint CLO V narowed the total cost of funding by over 50bps

Fair Oaks returns to European CLO primary with tight new issue
The European manager priced its first deal in over 12 months with relatively tight pricing throughout the stack

Permira upsizes two-year-old Euro reset
The repricing of Providus CLO IX also included a small equity injection of EUR 2.7m

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

Investcorp harvests another new European CLO
The half-billion-euro deal is the first primary market activity from the manager since tariff-induced volatility hit capital markets

CVC matches current Euro tight with latest new issue
The deal, which priced its senior triple As at Euribor plus 133bps, increased the manager’s total European issuance for 2025 to just under EUR 2.76bn

KKR reprices second ultra-tight Euro deal
The transaction was the manager's second reset of a 2015-vintage European CLO in the space of a week

Serone adds third act with newest CLO pricing
The European manager priced its third deal just a year on from its market debut

Palmer Square prints fourth new Euro deal of 2025
The EUR 407m deal priced the top of the stack at Euribor plus 135bps

Sound Point upsizes latest new Euro CLO
The deal matched the current market triple A tight for European new issues, at Euribor plus 133bps

AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

Anchorage prints first new Euro CLO in 12 months
Spreads for the manager’s latest deal priced wide of those for Ares’ new CLO, which also priced Wednesday

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

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  

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

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