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

CLO equity and private credit offer comparable returns—Texas TRS
EXCLUSIVE: The US institutional investor giant approaches credit investments opportunistically and as it seeks to achieve a 7% return target for its overall portfolio, CIO Jase Auby told Creditflux

Golub shakes up leadership with co-CEOs, co-Presidents appointments
The alternative credit manager will have three co-presidents after promoting Spyro Alexopoulos and hiring two new executives

Abry Private Debt acquires USD 330m private credit portfolio
Abry partnered with Coller Capital on the credit secondaries transaction

Bank loan growth driven by lending to private credit and other funds—S&P
Total loan growth in the US banking system was driven by lending to nonbank financial institutions like investment funds from 2024 to 2025, the ratings agency found

Hayfin names Goldman Sachs veteran as head of investments
Goldman Sachs veteran Michael Marsh has been hired to the newly created role

Apogem reprices 2019-vintage private credit CLO for third time
Apogem Capital has repriced a 2019-vintage private credit CLO for the third time, with the USD 348m reset coming two years after the CLO was last reset in March 2024

Iran War to increase corporate default rates globally — IACPM Survey
Though the credit market is absorbing new leveraged loan issuance amid geopolitical uncertainty, credit managers expect the war to drive a rise in defaults

Maturity wall threatens high-risk AI private credit names – KBRA
Direct lenders are showing an unwillingness to extend maturities for companies that are vulnerable to artificial intelligence or underperforming already 

JPMorgan Asset Management mixes public, private credit in new semi-liquid fund
JPMorgan’s asset management arm offers exposure to various credit investments across the public and private markets in a new interval fund for affluent individuals

Bain prices BSL and private credit CLOs in same day
The manager’s new US issue, along with its reset of a 2018-vintage private credit CLO, totalled just under USD 1.06bn in value

Private credit manager Varagon prices second CLO
Arranged by BNP Paribas, the USD 592m MDL Structured Notes II is the manager’s first CLO issue since its market debut in October 2024

Apollo readies offensive strategy for software valuation troubles
The alternative asset manager says it’s ready to step in as a lender or even provide equity to software companies as the market anticipates  challenges from artificial intelligence

AI’s improvements to workflow will be felt in months, not years – Carlyle co-president Mark Jenkins
PODCAST: Speaking on the latest episode of Credit Exchange with Lisa Lee, Jenkins predicts the next stage will involve how corporates implement AI tools into their workflows, and that the process is “really in the first innings of implementation”

KKR prices second deal in programmatic private credit CLO strategy
The transaction is the second in the manager’s series of private credit CLO issues under the KIMM (KKR Institutional Middle Market CLO) banner, following the pricing of KIMM CLO I in October 2024

Private credit investors chase higher risk-return—Campbell Lutyens
A new survey shows investors are seeking higher returning strategies amid expectations of lower rates, while also turning away from the dominant North American market

M&A resurgence to power new US private credit CLO issuance
ANALYSIS: The anticipated interest rate cuts should create a more attractive environment for issuance, but there are concerns about middle market portfolios that have weakened over the last year

Lev loan guidance shift will challenge private credit CLOs, bring more new loan supply – Shenkman
EXCLUSIVE: Regulators rolling back restrictive guidance around leveraged lending could help traditional bank lenders claw back market share from US direct lenders

Eldridge prices second new private credit CLO for 2025
Formerly known as Maranon, the manager paired with Wells Fargo for the USD 600m issue

North American and European credit defaults to fall next year – S&P Global
Global credit default rates will remain contained next year with North American defaults falling to around 4% 

CLO issuance projected to hit new records in 2026 – KBRA
The ratings agency projects USD 220bn in issuance across US BSL CLOs and private credit CLOs as well as five to six European private credit CLOs next year

Ares issues billion-dollar direct lending CLO, matches AAA tight
The senior triple As priced at SOFR plus 140 bps, seven bps inside the average triple A spread for mid-market deals throughout October

Audax slashes cost of debt with two-year-old reset
The reworking of Audax Senior Debt CLO 8 saw the top-of-stack paper tighten in by 95bps, while the overall cost of funding was reduced by over 132bps

Dimon warns of double leverage risk in CLOs
JPMorgan CEO Jamie Dimon suggested there may be additional risks in CLOs during a downturn

Antares massively upsizes 2021 mid-market CLO with USD 1.4bn reset
The reworking of Antares CLO 2021-1 priced its triple As at the tightest level for a mid-market reset since mid-March