European private credit CLO market sparks back to life
ANALYSIS: After a brisk start, the European private credit CLO market has stalled somewhat over the past year, but a new issue in the space and the expectation of incoming hybrid issues has breathed new life into the sector

Barings and Canyon price new US BSL CLOs
Barings CLO 2026-III was valued at USD 407.3m, while Canyon CLO 2026-2 weighed in at just over USD 500m

Europe on default watch following Bain downgrade
The most junior tranche of Bain’s Euro CLO 2018-1 has been downgraded to default in a first for the CLO 2.0 regime

Software loan shakeout in CLOs still to come—Barings
As an investor in US CLO tranches, the asset manager has observed that most CLOs have not made major changes to their software book despite concerns about artificial intelligence threatening the sector

Barings recruits BofA lynchpin as head of CLO capital markets
Bank of America’s head of US CLO structuring Ankit Aggarwal is leaving to join Barings as its head of CLO capital markets, sources familiar have told Creditflux

CalPERS expands Goldman Sachs credit commitments, South Carolina picks Barings fund
CalPERS commits another USD 750m to West Street credit vehicles; South Carolina RSIC allocates USD 250m to a Barings fund

Barings reorganises leadership team, taps new president
Barings President Eric Lloyd is transitioning to the role of vice chairman

Barings prices latest BSL CLO via Deutsche Bank
The capital structure for Barings CLO 2026-II included senior/junior splits for both the triple As and triple Bs

Barings works with Pacer to launch two CLO-focused ETFs
One product will focus on investment grade CLO tranches while the other will aim to provide sub-IG CLO and secured debt exposures

Barings co-head of global investments says investors can expect to see more trading of private credit loans
PODCAST: Speaking on the latest episode of the Credit Exchange podcast with Lisa Lee, David Mihalick says it is natural to expect an increase in activity as people increase their portfolio allocations to private markets

Barings raises more than USD 19bn for global direct lending strategy
The firm raised capital from institutional, insurance and private wealth investors globally

Barings prices static private credit CLO
The triple A paper for the deal cleared at SOFR plus 145bps

Virginia, Arkansas among systems expanding into alternative credit strategies
Recent Ares funds gain momentum with allocations from VRS, TCDRS; Arkansas Teachers plan multi-strategy credit SMAs with KKR, Brookfield

Barings hires former Northleaf MD to expand capital solutions platform
CJ Wei has joined Barings as a managing director for capital solutions and a portfolio manager for specialty asset-based finance

Michigan, New Mexico make large bets on asset-based credit strategies
Michigan SIB commits USD 800m to Apollo, LGT credit funds; New Mexico SIC allocates USD 400m for Ares, Pemberton funds

Spreads widen and issuances pause as CLO managers react to market volatility
EXCLUSIVE: Triple-A tranches are widening by up to 10bps amid a slowdown in CLO reset and issuance activity, according to multiple sources

Barings issues Euro market’s first reset for 2026
BNP Paribas was the sole arranger for Barings Euro CLO 2024-1, which was valued at EUR 376.5m

Barings to reset static middle market CLO as multi-currency, reinvesting deal
EXCLUSIVE: Barings is resetting its EUR Middle Market CLO 2024-1, converting it from a static euro to a reinvesting multi-currency deal

Barings prices inaugural infrastructure CLO
Co-arranged via MUFG and Morgan Stanley, Barings Infrastructure CLO 2025-I is the manager's first-ever CLO backed by infrastructure loans

European private credit CLOs ramp up, with Pemberton, Ares readying new deals
Pemberton to join Ares with new issues next year, while Barings looks at a reset of its initial static deal

Carlyle, Barings market new European CLOs
The two managers are marketing new European CLOs with similar sizings and spreads – but Carlyle’s deal is set to print as a standard-duration five-year CLO, while Barings is offering a short-duration three-year reinvestment period

Investor demand for diversification drove multi-currency CLO
EXCLUSIVE: Geographical diversification was a driving force behind the creation of Europe’s first sterling/euro middle market CLO

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

Barings BDC taps new CEO for the new year
Thomas McDonnell, who has spent two decades at the firm, will step in as CEO for the listed business-development company

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal