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

Strategic buyers drive financial services M&A as sponsors face AI disruption pressure
PE facing challenges on investment and exit sides; investment management maintains rising deal count, while sponsor appetite remains strong for insurance brokerages

Pace of improvement in credit quality slowing down – KBRA
KBRA’s second-quarter Private Credit Middle Market Compendium found evidence of mounting pressure building across the market, with median revenue and EBITDA compound annual growth rates declining to 12% and 24% respectively, from 13% and 27% in Q1

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

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

Dividend recaps stall as lenders pull back, sponsors eye alternatives
Dividend recap volume has fallen amid deep uncertainty even as GPs seek more DPI; lenders have retreated over market conditions and a dearth of quality transactions, while rising continuation vehicle usage has reduced the number of dividend recap candidates

JPMorgan Commercial Bank taps new head of syndicated finance
The new head previously worked as head of Northeast and Canada regional leveraged finance in the global investment banking group

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

CLO fundraising round-up - November 2024
CLO funds have had a stand-out year, and both fundraising and fund returns have soared, with managers out in the market with both third-party and captive CLO funds

Beach Point ramps up fundraise for captive CLO equity fund
Santa Monica, California-based Beach Point Capital Management is looking to raise a captive equity fund to support its CLO issuance

Fund performance
CLOs feel the heat from corporate long-short and ucits funds in July; top ten credit funds in July 2024

Sycamore Tree raises more than USD 100m for CLO tranche strategy
Sycamore Tree Capital Partners has raised more than USD 170m across two separate debt funds, include USD 100.5m for CLO debt

New Mountain prices second quasi-CLO
New Mountain priced a second rated feeder fund last week, a deal that straddles the line between the simpler traditional rated feeder fund structures and middle market CLOs

A strong year for CLO strategies
After the pain of 2022, credit fund managers must have been praying that 2023 turned out better. It did.

CLO manager raises new captive equity fund
The New York-based alternative asset manager raised a new CLO equity fund with a first close of USD 136m

Illiquid assets are increasingly hot in the private markets according to Aeon survey
Illiquid assets may offer protection against macro uncertainty, according to findings from a new survey.

Fund performance
Good month for CLO funds sees six in top 10 as Axiom sets pace

Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

CLO funds make best of a bad situation
It can’t get any worse can it? Well, it did in 2022, when credit spreads kept moving wider. Still, CLO funds were able to withstand the pressure, and they outperformed other credit strategies

Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

Brevan Howard hires CMBS specialist
Brevan Howard has added to its New York structured credit team

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles