Year-to-date US CLO performance tops global fixed income products – Janus Henderson
US CLO triple Bs have outperformed all other fixed income sectors in the year-to-date and will likely continue to perform well in a higher interest rate landscape, according to new research from Janus Henderson

CLO secondary dynamics – July 2026
Trading activity cools while credit fundamentals remain constructive

Fund performance – July 2026
Smaller gains in May moderate strong April performance

Credit funds at a glance – July 2026
Our roundup of top performers, fundraising and moves in credit

CLO secondary dynamics – June 2026
Risk appetite softens after April surge while trading efficiency remains high

Fund performance – June 2026
Emerging markets hit top spot and CLO funds rebound after blip

Credit funds at a glance – June 2026
Our roundup of top performers, fundraising and moves in credit

CLO secondary dynamics – May 2026
Calm April likely to be followed by constructive markets in late spring

Fund performance – May 2026
Volatility hurts as most funds record negative returns

Credit funds at a glance – May 2026
Our roundup of top performers, fundraising and moves in credit

CLO secondary dynamics – April 2026
US CLO market softens as spreads widen and trading conditions moderate

Fund performance – April 2026
CLO funds struggle with worst performance in more than three years

Credit funds at a glance – April 2026
Our roundup of top performers, fundraising and moves in credit

Direct lending braces for redrawn landscape
After a stellar 2025, direct lenders are coming under pressure. Large-cap financings are colliding with record tight spreads in public markets, while competition is rising in mid-market lending

CLO secondary dynamics – March 2026
CLO activity stabilises in February as trading and dealer flows level off

Fund performance – March 2026
Mixed month for CLO funds mars credit’s positive start to 2026

How to evaluate CLO managers
Portfolio manager incentives and MVOC volatility are crucial factors for CLO equity investors, says Dagmara Michalczuk

CLO secondary dynamics – January 2026
January trading activity suggested a market that is stabilising rather than accelerating, with consistent liquidity, tighter spreads, and improving sentiment across the capital structure

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

Private credit CLOs scaled new heights in 2025
CHART: Mid-market CLOs enjoyed their biggest issuance year ever, powered by a high number of pricings and underpinned by an especially prolific opening quarter

CLO equity has an 11-year track record of consistent mid-to-high teen returns
Distributions by MM CLOs are based on underlying loan performance, not market sentiment

CLO secondary dynamics – November 2025
The CLO market in November 2025 exhibited steady but shifting activity across trading and spreads, reflecting a market that remained active despite seasonal slowdowns and mixed sentiment

Fund performance – October 2025
Corporate distressed rises again but outliers drag down CLOs

CLO credit quality improving – Fitch
CLO performance remained stable in November, with few changes made to Fitch’s ratings

Fund performance – September 2025
CLO funds struggle while other categories stay positive