T. Rowe Price issues inaugural CLO, debuts as new manager
Rowe CLO 2026-1 is the first CLO to emerge from T. Rowe Price’s own platform; the firm also owns prominent CLO issuer Oak Hill Advisors

Muzinich prices first new CLO in 12 months
The USD 407m BSL CLO priced via BNP Paribas, with the senior triple As clearing at SOFR plus 117bps

Carlyle prices its first new CLO for 2026
The USD 505m Carlyle CLO 2026-1 priced its senior triple A notes at SOFR plus 116bps

New loan shop Mountain Point becomes 2026’s first debut US CLO manager
The recently-launched credit manager priced its first CLO via Bank of America as a USD 507m BSL issue

Elmwood and Diameter price inaugural European CLOs
The senior triple A notes for Elmwood’s first European CLO priced at a notably tight level for a debut manager, issuing at Euribor plus 122bps

US CLO AAAs tighten to 12-month tight as Oak Hill Advisors prices new deal at 113bps
The mark is the tightest since the same manager priced OHA Credit Funding 20 with triple As at 110bps over the base rate on 28 February last year

New Euro CLOs price from CIFC, Investcorp, and CQS
CIFC and Investcorp have issued new European CLOs with triple-A paper priced at 120bps over Euribor, while CQS priced its first new Euro deal of the year on the same day as its first US issue 

Software selloff hits CLO equity, BB MVOCs – Barclays
The percentage of US loans trading above par has tumbled to 27%, introducing mark-to-market risk for CLO tranche investors

BSP is latest to issue US CLO AAAs at 115bps, as New Mountain and CQS also price new deals
Benefit Street Partners issued its second new US CLO of the year, with Bank of America arranging the USD 502.6m transaction

New Antares US BSL CLO prices AAAs at 115bps
Antares has matched the existing new-issue tight for US BSL CLOs with its latest print, Orion CLO 2026-7, priced via SMBC Nikko

Onex, AXA, Five Arrows and Serone print new Euro deals
Onex priced its first new European CLO issue of 2026, one of four new Euro CLOs that issued toward the close of last week

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

Credit risk lingers in junior European CLO notes outside reinvestment – Fitch Ratings
Under the assumptions of the stress test, 83% of double B and single B rated tranches in transactions past their reinvestment expiry show model-implied ratings below their current ratings

More than USD 2bn of new US BSL CLO paper prices on a busy Thursday
Blackstone issued a sizeable USD 710m BSL CLO that matched the current triple-A market tight for new US issues, on a busy Thursday that also saw fresh BSL deals price from Aristotle Pacific, MidOcean, and Elmwood

LGT Capital Partners launches CLO equity fund
The royal family-owned firm made its CLO debut last summer, pricing a EUR 517m deal arranged by Deutsche Bank 

Investcorp, Garnet, UBS, and CTM price new US CLOs
New US BSL CLO issues this week from Investcorp, Garnet, UBS, and CTM Asset Management totalled USD 1.86bn in value

Mizuho expands in European CLOs with second sole-led deal
EXCLUSIVE: The Japanese bank is currently in market with a new-issue transaction for KKR, according to sources

Former Ares CLO leader Boris Okuliar joins Corinthia
London-based Okuliar is now Corinthia’s chief strategy officer and head of global diversified credit, signalling the private credit firm’s expansion into public credit

CLO equity payments decline for US and Europe
Reinvesting US BSL CLOs saw median equity payments slip 16bps from the fourth quarter of 2025

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

Northwestern Mutual prices first new CLO in six months
The manager’s initial print for 2026 saw its triple As clear just outside the market tight for new issues

Fund performance – December 2025
All categories end 2025 positively as Pictet Alt takes 12-month crown

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

US lev loans, CLO spreads move in opposite directions as market worries deepen over software loans
ANALYSIS: The unusual dynamic has been driven by worries about disruption from artificial intelligence, as investors fret about the potentially wide-ranging impacts across a range of sectors