Monroe knocks 103bps off triple-As in refinancing of middle-market CLO
Monroe Capital Partners has refinanced its Monroe Capital MML CLO XIV, a middle-market deal from two years ago, tightening the spread at the top of the stack dramatically

BlackRock resets middle-market deal from 2022
BlackRock has reset a middle-market deal called BlackRock Maroon Bells MM CLO, simplifying the top of the deal’s structure in the process

US MM CLO Rankings - November 2024
Golub continues to dominate our latest manager rankings for the US MM CLO market, with SocGen standing out among the arrangers

Willow Tree prices second middle-market CLO
Willow Tree Credit Partners has priced a new middle-market CLO, three months after the manager’s debut offering in September

Montana commits to Deerpath, Stellus and Goldentree credit funds
The Montana Board of Investments disclosed commitments to funds managed by Deerpath, Stellus, and GoldenTree during a board meeting last week.

Barings prices Europe’s first ever private credit CLO
Barings and BNP Paribas have priced Europe’s first ever private credit CLO, achieving a historical feat that had eluded the region so far

Deerpath resets and upsizes private credit CLO from 2022
The reset of Deerpath Capital CLO 2022-1 almost doubled the size of the CLO from an original USD 374m to the new USD 725m

Blue Owl resets 2022 middle-market CLO
Blue Owl Capital has reset its US private-credit backed Owl Rock CLO IX, adding a small equity infusion in the process

Fortress Credit prints its second new middle-market CLO of 2024
The senior triple-As priced at 159bps in Fortress' second private credit CLO, a full 61bps tighter than the manager's previous deal back in January 

Apollo and Mubadala extend capital solutions originations partnership
Apollo and Mubadala Investment Company have extended a private debt partnership established in 2022 that focuses on finding larger deals that require bespoke capital solutions

US MM CLO Rankings - October 2024
Golub continues to dominate our latest manager rankings for the US MM CLO market, with SocGen standing out among the arrangers

Cerberus prints short-dated MM CLO that matches BSL spread levels
The triple-As for the 1Y/2Y private credit CLO priced at 135bps, on top of current levels for longer dated 2Y/5Y BSL CLOs

Blackstone prices ultra-tight private credit CLO
Blackstone has followed fellow US behemoth KKR in rethinking its approach to private credit CLOs, with the first such deal under the Blackstone Secured Lending Fund (BXSL) shelf

Antares sets new AAA tight for a middle-market CLO (again)
Antares beat its own triple-A benchmark when it priced Antares CLO 2024-6 with a senior spread of SOFR plus 156bps

Ares sets new tight for new issue middle-market CLOs
A simple structure with two debt tranches included triple-As that priced at SOFR plus 154bps, the tightest level yet for a middle market CLO 

Golub resets billion-dollar middle-market CLO from 2019
The reset of Golub's monster deal from 2019 includes a fresh equity injection that takes the total deal size to USD 1.07bn

First Eagle resets middle-market CLO
A reset of Lake Shore MM CLO IV, a 2021 vintage middle-market CLO, saw the triple As split into note and loan tranches, which both priced at 170bps

The middle market goes mainstream
Middle market CLOs were a niche product. Now we call them private credit CLOs — and they are growing faster than BSL CLOs

Antares sets new triple-A tight with mid-market print
The relentless tightening of MM CLO spreads has continued with Antares pricing  a new MM CLO with triple-As paying SOFR plus 157bps

Citi and Apollo launch USD 25bn direct lending program
Apollo Global Management and Citigroup have agreed to form a USD 25bn private credit, direct lending program, involving Athene and Mubadala Investment Company

Middle market CLO spreads continue to tighten as Cerberus prices
The latest new middle market CLO from Cerberus priced with some of the tightest levels seen this year

MidCap resets brings in middle market CLO senior spreads 110bps
Apollo affiliate MidCap Financial's reset of a static middle market CLO from 2023 led to an eye-catching reduction in the triple-A spreads   

A new manager debuts as Willow Tree prices middle-market CLO
The CLO world welcomed a new manager on Tuesday when Willow Tree Credit Partners printed its debut CLO: a middle-market deal arranged by GreensLedge

Ares lowers 2024 tights with new middle market CLO
Ares continued its busy year with its 22nd transaction – a new middle market CLO that set a new triple-A tight for 2024

Barings prices reset of 2023 middle market CLO
Barings has reset a 2023-vintage static CLO into a reinvesting deal, bringing in the triple-As 77bps at the same time