Washington, Louisiana systems approve large distressed debt commitments
WSIB approves USD 300m for Monarch's latest distressed debt fund; TRSL allots USD 150m to Centerbridge distressed, mezzanine debt funds

CLO community turns out in force for 18th annual Creditflux Symposium and Awards
EXCLUSIVE: Award winners celebrated, while the stars of the CLO industry came out in force to share predictions, tips and deal making opportunities

LPs eye jettisoning asset allocation model in pursuit of uncorrelated returns
CalPERS, CalSTRS among recent converts to the total portfolio approach; Adoption requires significant changes in team setup, governance, incentives

Cautious optimism prevails at second day of Creditflux CLO Symposium
EXCLUSIVE: Hundreds of delegates gathered at the Chancery Rosewood in London to talk software, shipping, and the shifting dynamics in the global CLO market

Lending to nonbank entities like BDCs will be a growth area—State Street
Additionally, the firm said its investment grade private credit ETF, developed with Apollo, hit USD 800m in assets under management during the quarter

Benefit Street Partners CEO says private credit’s doomsday scenario is overblown
PODCAST: The ‘doomsday scenario’ for software loans represents a complete over-exaggeration, says David Manlowe, CEO of Benefit Street Partners, on the latest episode of Credit Exchange with Lisa Lee

Kayne Anderson Private Credit issues rated feeder
Kayne Anderson has priced a rated feeder fund for its Kayne Senior Credit Fund V, with Wells Fargo arranging the USD 206.425m transaction

Iran War to increase corporate default rates globally — IACPM Survey
Though the credit market is absorbing new leveraged loan issuance amid geopolitical uncertainty, credit managers expect the war to drive a rise in defaults

US private credit CLO rankings – March 2026
Blackstone led Creditflux's rankings for private credit CLO issuance in 1Q 2026, pricing around USD 340m more than established market leader Golub, while BNP Paribas raced ahead in the arranger tables, accounting for more than a quarter of all deals issued

Sycamore Tree to hire six more in private credit secondaries build-out
EXCLUSIVE: Co-founder and CIO Trey Parker told Creditflux that the new platform will complement its existing credit business and focus on providing liquidity to the undercapitalised opportunistic space within the credit secondaries market

Mercer zeroes in on AI exposure in GPs’ operations, portfolios and deals
EXCLUSIVE: The firm is ready to deploy its eighth flexible private market fund-of-funds, as the growing capabilities of AI cement themselves as a key factor across private market asset classes

Blue Owl resets 2023-vintage private credit CLO, trims weighted cost of debt by more than 110bps
SMBC Nikko arranged the USD 272m repricing of Owl Rock CLO XI, which cut spreads on the deal's triple A paper by 105bps

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

KKR prorates investor exits from semi-liquid ABF fund
The firm will fulfill around 69% of each shareholder’s exit request to keep the total liquidity offering this quarter to 5% of the fund’s net asset value

CLO manager Sycamore steps into credit secondaries with new hire
The firm tapped a former managing director at Banner Ridge Partners to lead the new credit secondaries platform.

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

Adams Street raises USD 7.5bn for senior direct lending
The middle market-focused alternatives firm held a close for its Private Credit III fund and is expanding its direct lending platform globally

Benefit Street Partners targets Japanese private credit, CLO investments with new hire
Franklin Templeton subsidiary Benefit Street Partners has appointed former Blue Owl MD Takeshi Yamamoto in a newly-created role

ICG’s head of US liquid credit says Iran war will cause pain for consumers, housing
PODCAST: Consumer-related aspects of the economy – ranging from housing and travel to apparel and retail – are already “feeling a decent amount of pain”, and the trend is expected to continue, according to ICG's David Saitowitz, speaking on the latest episode of the Credit Exchange podcast with Lisa Lee

UK pension fund taps Crescent for US direct lending mandate
UK pension fund Nest has appointed Crescent Capital to manage a GBP 450m US direct lending mandate

Golub upsizes with newest private credit CLO
Golub Capital Partners CLO 90(M), which priced via Mizuho as a USD 450m issue, is the manager’s sixth deal of the year and its second new mid-market transaction so far in 2026

Direct lending secondaries are no longer worth paying par – Corbin Capital
EXCLUSIVE: The alternatives firm says it is unwilling to pay 95 cents on the dollar for any private credit secondaries deals right now as the market reprices

Ares to launch new private credit fund with USD 10bn-15bn equity target
The fund has the same equity target as its record-breaking predecessor, Ares Senior Direct Lending Fund III

Ares backs Arcmont’s USD 2.5bn private credit continuation vehicle
The vehicle acquires senior direct lending assets from Arcmont’s 2019-vintage fund and marks the largest credit secondaries transaction in Europe, according to Ares

Northleaf private ABF managing director exits
CJ Wei, who focused on asset-based finance at the Canadian private markets firm, departs for a new role