Carlyle and Fidelity issue comparably structured new US CLOs
The comparably sized Carlyle US CLO 2025-7 and Ballyrock CLO 32 featured similar spreads through their capital structures

Blue Owl BDC M&A termination highlights the cost of market timing
ANALYSIS: BDC mergers are a common tactic to provide immediate liquidity to investors in less liquid private credit funds, but Blue Owl’s attempt came after a tumble in listed BDC share prices

Apollo, PGIM latest to price new US CLOs at 122bps
Apollo’s USD 555m print was arranged via Citi and was the latest in the line of Rad CLOs from Irradiant, which Apollo purchased earlier this year, while PGIM priced Dryden 120 CLO through Nomura

Latest Carlyle CLO issues AAAs at SOFR plus 122bps
The manager's newest US CLO priced on Tuesday as a USD 509m print via Deutsche Bank

New US CLOs emerge from Silver Point, Rockford Tower
Wells Fargo and Jefferies were the respective arrangers for Silver Point CLO 14 and Rockford Tower 2025-3

CVC launches dedicated private credit secondaries platform
The alternative asset manager tapped Henri Lusa, a former managing director at Partners Group, to lead the new effort

BlackRock, Onex issue at tighter end of recent deals with new US CLO prints
Both Magnetite LII and OCP CLO 2025-48 issued with weighted costs of debt under SOFR plus 150bps

Barings opts for short duration with latest new US CLO
Barings CLO 2025-VII priced as a half-billion-dollar deal on Wednesday via Wells Fargo

First Brands Group faces UMB Bank objection to Weil Gotshal, Lazard, and Alvarez retentions over conflict concerns
UMB Bank questions Weil’s independence, dual representation of debtors and non-debtors; Bank cites removal of Global Assets’ independent director and potential SPE conflicts

CalPERS invests nearly USD 5bn in private credit in 2Q, with Ares, Sixth Street as biggest winners
 Public Pensions, Private Pursuits: California, Connecticut state systems make large private credit moves

2025 debut managers Polen and Garnet price latest CLOs
Polen priced its second offering, while Garnet printed its fourth CLO in six months worth more than a half-billion dollars  

BNP Paribas arranges trio of new US CLOs
The deals from Oak Hill Advisors, Trinitas and MidOcean totalled just over USD 1.2bn

Dealmaking optimism appears in European credit – CVC
The alternative asset manager increased its European credit exposure during the third quarter after seeing a spread pickup

Trio of new US CLOs worth USD 1.6bn price from CIFC, UBS and TCW
CIFC’s print equalled the current triple A tight of SOFR plus 119bps, while UBS’s Madison Park Funding LXXV and TCW CLO 2025-2 issued their equivalent paper at 121bps and 124bps over the base rate

KKR resets US CLO for first time since 2017
The 12-year-old KKR Financial CLO 2013-1 recapitalised its debt tranches to the tune of around USD 243.5m in the repricing

GoldenTree matches Oak Hill Advisors with sub-120bp US print
The manager has priced its latest new US CLO as an upsized USD 753m issue, with the deal unusually employing three arranger banks – Wells Fargo, Bank of America and Morgan Stanley

Onex matches short-dated US BSL tight with new Aegis CLO
The manager printed its latest short-dated US CLO, OCP Aegis CLO 2025-47, in a USD 409.2m transaction via Bank of America on Monday

Co-op activity heats up as creditors prep for heavy restructuring slate – EU and Northam Restructuring Insights Report
EXCLUSIVE: Peraton, Resource Label and RDM creditors sign new co-ops: Selecta noteholders file legal challenge to co-op

US spreads grind below 120 bps with new Oak Hill CLO
Standard-duration US CLO triple As have cracked 120bps for the first time since the spike in spreads caused by Liberation Day, with Oak Hill Advisors' OHA Credit Funding 23 printing its top-of-stack paper at SOFR plus 119bps

Blue Owl completes Dyal IV strip sale, raises USD 2.7bn for GP stakes strategy
EXCLUSIVE: USD 2.5bn strip sale made up bulk of capital raised for GP stakes strategy; Dyal Capital Partners VI is now 35% deployed
 

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

New CIFC US CLO matches market tight at 120
CIBC was the sole arranger for CIFC CLO 2025-7, which was valued at USD 507.5m

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

Second new BSL prints of the year from PineBridge, TPG Angelo Gordon
Both managers issued their second new BSL CLOs for 2025 on Monday

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe