Mid-market CLOs reduce premium over BSL spreads back to narrowest margin of 2025
ANALYSIS: Private credit CLO spreads are seeing rapid tightening, with the difference between BSL and mid-market triple A benchmarks having narrowed back to its tightest level seen this year

Blue Owl lowers private credit CLO spreads with USD 1bn new issue
Blue Owl has set new post-Liberation Day spread tights for mid-market issues with its latest print, a week after setting the previous low for triple As

Manulife to acquire Comvest, creating USD 18.4bn private credit platform
Manulife, through its global wealth and asset management business, will acquire a 75% stake in the private credit manager

Morgan Stanley Direct Lending debuts inaugural private credit CLO
Morgan Stanley Direct Lending Fund, a business development company, has launched its first private credit CLO 

Apollo looks elsewhere, saying CLOs suffer from commoditization
The alternative asset manager said CLOs have tightened to levels that are unsustainable

US MM CLO Rankings – Q2 2025
Golub again leads the way among mid-market managers with an almost 25% market share, as Scotia continues its rise up the arranger ranks

Blackstone prices US private credit CLO – its third static deal of 2025
The manager has issued its third non-reinvesting CLO for the year in a near-USD 600m transaction

AB upsizes new-issue private credit CLO
The manager's first new mid-market print since February priced its triple As at SOFR plus 153bps

Jefferies resets 2023 middle market CLO, cuts AAA spread by 100bps
The deal priced its senior triple As at SOFR plus 165bps

Audax sets lowest AAA tight for new mid-market CLOs in three months
The manager's latest new issue priced its triple As at SOFR plus 160bps, a low for the current market

Sound Point hires former Alcentra president as CFO steps down
CFO Kevin Gerlitz is retiring from the role after 16 years

Golub reset of middle market CLO employs complex capital structure
The reset featured six tranches for triple A coupons

Golub and Antares price almost USD 2.5bn of mid-market CLOs on bumper day of issuance
BNP Paribas arranged a trio of CLO resets between the two managers

US MM CLO Rankings – May 2025
Golub and Wells Fargo emerged on top in Creditflux's latest monthly mid-market CLO rankings for managers and arrangers

Monroe Capital Partners returns to primary market with first 2025 print
The deal’s upper mezz priced in line with earlier investor guidance, but the triple Bs priced notably wide, with the spread remaining unchanged from its pre-reset level

News in brief
US credit returns fail to reflect risk

Silver Point prints new private credit CLO
It is the second new issue private credit CLO from the manager this year

Bain tightens triple A benchmark for private credit CLOs
The USD 349.13m private credit CLO lowered the current triple A tight for mid-market CLOs by one basis point, to SOFR plus 162bps

BlackRock issues new private credit CLO with triple As at emerging mid-160 level
BlackRock Mt. Lassen CLO XV is the manager's first new mid-market deal since July last year

Mid-market CLO rally unlikely to endure — S&P Global
The positive start to the year has been undercut by uncertainty stemming from the Trump administration’s new tariff regime

Golub prints mid-market CLO with tightest triple As since April
The USD 1.15bn transaction priced its senior triple A paper at SOFR plus 163bps

HPS prints new private credit CLO with triple As at 165
The deal is the second mid-market issue for HPS so far this year

HIG issues first new CLO in 15 months
The deal is the first new print from the manager since it priced HIG WhiteHorse Trinity CLO 2024-1 in February last year

News in brief
Blackstone plays offense amid volatility

Private credit will grow to take as much as 50% of the leveraged finance market: Blue Owl’s Craig Packer
PODCAST: The co-president of Blue Owl joined Creditflux managing editor Lisa Lee on the latest edition of the Credit Exchange podcast