Investors warn of hidden AI risks in CLO portfolios beyond software
EXCLUSIVE: The software selloff may be hiding the names that AI is really hurting in CLO portfolios, investors have warned 

LevFin markets show resilience as strong technicals cushion rising macro volatility – 9M26 LevFin Highlights
Leveraged finance markets showed resilience during the first nine months of 2026 as they navigated a shifting geopolitical and macroeconomic backdrop, alongside AI-driven shocks

Global issuance remains ahead YoY despite 3Q26 slowdown – 9M26 Loan Highlights
Loan issuance across the Americas, EMEA and Asia-Pacific (APAC) regions reached USD 5.065tn-equivalent in the first nine months of 2026 – 1.6% higher than in the corresponding period of 2025, although issuance slowed markedly in 3Q26

GLAS appoints CTO to build out AI strategy for private credit markets
Loan administrator GLAS has hired former Temenos executive Sairam Rangachari into the newly created role of chief product and technology officer to lead a new AI strategy for private credit markets 

Megadeals propel M&A toward nine-month record despite third-quarter slowdown – M&A highlights 9M26
Global M&A activity flirted with record levels in the first nine months of 2026, although a marked third-quarter slowdown and stagnant deal count exposed an uneven market – but while M&A volume surged, deal count declined slightly, suggesting that confidence in striking larger transactions remains strong, while smaller deals are taking longer to complete amid geopolitical and macroeconomic uncertainty

KKR looks to scale multi-asset credit solutions as credit AUM grows
KKR’s credit AUM has grown by 50% since 2021, the firm revealed in a presentation by Christopher Sheldon, the firm’s global co-head of credit and markets

CVC hires TPG's Sisitsky as future co-CEO as Rob Lucas plans to step back
CVC’s CEO Rob Lucas will step back from his role, to be replaced with former TPG president Todd Sisitsky and current CVC President Peter Rutland as co-CEOs, according to a company announcement

Banks, managers add staff for private credit syndication
Banks see private credit syndication as a way to reclaim fees as more borrowers tap both private credit and broadly syndicated loan markets, Mission Staffing managing director Eric Vaheb told Creditflux

North American private credit fundraising tumbles, ceding ground to global strategies—S&P Global
While fundraising boomed for European and multi-region private credit strategies, private credit focused on North America dropped 13% year-over-year

CLO managers invest in distressed experts in expectation of higher LME environment
EXCLUSIVE: Carlyle and BlackRock are among the CLO managers who have invested in distressed and special credits teams ahead of an expected rise in defaults and LME activity 

Foreign currency movements erase credit net returns at CPP Investments
Net returns across private and public credit fell to 3.7% in fiscal 2026 from 14.4% in 2025, the Canadian institutional investor reported

Orrick adds another partner to its CLO practice in New York
Former DLA Piper special counsel Steve Lozner has joined Orrick’s structured finance team as a partner in New York with a focus on CLOs 

More amend-and-extend transactions to come into the market in H2 — Carlyle
EXCLUSIVE: Amend-and-extend transactions are expected to increase over the coming months, as managers get ahead of the 2028 maturity wall

More manager dispersion expected for second half of 2026
Multiple market sources have predicted that manager dispersion will characterise the second half of 2026, amid ongoing volatility

Carlyle enters fundraising ‘super cycle’, racking up USD 30bn in inflows for 1H
The alternative asset manager also expects to be back in market with its flagship credit opportunities fund

Michael Curtis leaves Fidelity as firm begins search for new co-PM
EXCLUSIVE: Michael Curtis will leave his role as head of alternative credit at Fidelity Investments on 31 July, according to a source familiar

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation

Dispersion is creating value in credit despite tight spreads – PIMCO
PODCAST: While index spreads remain tight, dispersion is quite elevated, which rewards those who do the credit work, says Lotfi Karoui, multi-asset credit strategist at fixed-income behemoth PIMCO, on the latest episode of Credit Exchange with Lisa Lee

GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

Co-head of Permira Credit says to brace for more complex, late-cycle environment
PODCAST: While the market is clearly late in the credit cycle, it is not yet obviously at the turning point, Ariadna Stefanescu, co-head of Permira Credit tells Lisa Lee on on the latest episode of Credit Exchange

AI outlook one of several key macro calls for investors – BlackRock midyear forecast
‘Scarcity versus abundance’ forms the key theme for the BlackRock Investment Institute midyear global outlook, which was published on Tuesday following the institute’s two-day forum earlier in June

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

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

Barings raises more than USD 19bn for global direct lending strategy
The firm raised capital from institutional, insurance and private wealth investors globally

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