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

Garnet issues seventh CLO with USD 512m print
The senior triple As, issued as a split of loan and note paper, priced at SOFR plus 123bps

Wellington prices first new CLO in 12 months
The deal's triple As priced at SOFR plus 122bps, reflecting relatively narrow pricing for an infrequent issuer, but in line with Wellington's ability to execute tight prints

Carlyle resets 2024-vintage CLO valued at USD 570m
Carlyle has reworked a two-year-old US BSL CLO, with Goldman Sachs serving as sole arranger on the transaction

CVC and Partners issue new half-billion-dollar-plus US BSL CLOs
CVC's Apidos CLO LVIII issued via Bank of America with a value of just under USD 558m, while Partners' Pikes Peak CLO 23 was upsized to USD 510m and was arranged by Morgan Stanley

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

Allstate resets 2022-vintage US BSL CLO
The manager priced AIMCO CLO 18 through BNP Paribas, with the USD 480m transaction including a USD 20m equity injection

Latest Ares private credit CLO sees AAAs clear at 145bps
Ivy Hill Middle Market Credit Fund XXV issued with a value of USD 403.2m and a 2Y/5Y schedule

PGIM and PineBridge issue USD 450m BSL CLOs
PGIM's Dryden 133 CLO, arranged by Scotiabank, was upsized to a total value of USD 457m, while PineBridge's USD 452.4m Galaxy 38 CLO printed through Bank of America

BlackRock becomes latest to issue static private credit CLO
The manager's latest print follows static private credit CLO prints in recent months from Fortress, Blackstone and Barings, as well as the manager's own BlackRock DLF IX-L CLO 2026 Static in January, which issued as an unusual single-tranche CLO

Octagon criticises ‘coercive’ use of sweeteners offered to CLO fund shareholders
Shareholders in the XFLT fund have been offered access to a series of tender offers if they vote to oust sub-adviser Octagon, a move described by Octagon as “coercive”

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

New US CLO issuance maintains consistent pace with prints from Antares, Northwestern and TPG
The three managers collectively priced USD 1.3bn of paper over Friday and Monday, with Antares' Orion CLO 2026-8 issuing the tightest triple A notes of the trio at SOFR plus 120bps

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

RBC BlueBay taps Destra to distribute CLO interval fund
The new RBC BlueBay Enhanced Income Fund invests in equity and junior debt tranches of CLOs and will be sold to financial advisors and their clients

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

T. Rowe issues second CLO
T. Rowe Price has followed up the debut of its own CLO issuance platform in February with a second US BSL offering, priced via Bank of America

Private credit secondaries deals more than doubled in 1H—Evercore
The first half of the year saw private credit secondaries volume balloon to USD 20bn, surpassing full-year 2025 volumes, with GP-led deals dominating, a new report from Evercore shows

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

US CLO issuance may slow despite favorable NAIC guidance
EXCLUSIVE: New guidance is favorable to US insurers buying triple-A, double-A and single-A tranches, but will not beat the current supply-demand dynamics and poor arb, BofA CLO research chief says

Marathon issues first CLO under CVC ownership
Marathon Asset Management has priced its first new CLO since CVC's acquisition of the asset manager closed at the beginning of July

BlackRock private market inflows led by private credit as spreads widen
Institutional investors want to put more private credit money to work in this environment, the global asset management giant said on its earnings call

Crescent gauges interest in multi-asset, private and public credit CLOs
The firm says it has already seen BSL CLOs buy secondary direct lending assets, and it is discussing whether there is demand for multi-asset products levered like a CLO, John Fekete told Creditflux

ICG prints first new US CLO in a year
The manager paired with CIBC to price ICG US CLO 2026-1 as a USD 403m offering