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

Connecticut Retirement Plans and Trust Funds plans to commit additional USD 300m to Crescent Capital
Connecticut, Maine among pensions with recent expansions in private credit; Maine, Texas, Los Angeles pensions also disclose recent private credit investments

Monroe hires ex-Nuveen senior MD for head of capital formation
The new hire will lead Monroe’s fundraising strategy in the Americas

Blue Owl, Voya partner to bring private assets to US retirement accounts
The new private market products will be offered on Voya’s retirement platform, which oversees USD 630bn in defined contribution assets for more than 9m plan participants

We have traded private credit loans and others will follow – Loomis Sayles’ Matt Eagan
“We’ve done our first trades and some of the first trades in the industry in investment grade private,” says the head of the full discretion team at Loomis Sayles, on the latest edition of the Credit Exchange podcast with Lisa Lee

Seven managers make up 90% of private credit fundraising – Morningstar
Over the last five years, Apollo alone accounted for 29% of all capital raised for private credit

Investcorp passes halfway mark on second GP stakes fund
EXCLUSIVE: USD 600m raised to date against USD 1bn target of a strategy that was launched in 2019 and focuses on mid-market

Carlyle rolls out investment grade private debt fund
EXCLUSIVE: The IG asset-backed fund is structured as an evergreen vehicle and targets an institutional investor base

ESG in private credit continues in the US, but not without significant difficulties
CalPERS still sees environmental, social and governance factors as a vital part of private credit-related due diligence, despite challenges around ESG backlash, standardisation and data availability

Default expectations rise as tariff threats to North America deepen – IACPM survey
Credit portfolio managers across the world see tariff-related headwinds for both the US and Canada

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

Coller completes record private credit secondaries fundraise
The USD 6.8bn final close for the Coller Credit Opportunities II fund marks the largest fundraise to date for a private credit secondaries platform

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

FS Investments readies opportunistic credit fund, targets USD 750m
EXCLUSIVE: The vehicle, which will be the second opportunistic fund from FS, is set to launch in the third quarter of this year

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

Canadian giant PSP to deploy CAD 6bn to IG private credit
EXCLUSIVE: The allocation will focus on investment grade opportunities across infrastructure, asset-backed and structured debt financing

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

Paradigm shift in US economy lessens likelihood of tariff-induced recession – Sound Point’s Stephen Ketchum
The founder and CEO of Sound Point Capital Management told Creditflux managing editor Lisa Lee on the latest edition of the ‘Credit Exchange’ podcast that he currently sees credit markets as being in a state of “reasonable balance”

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

PGIM shakes up credit platforms in major reorganization
The reorganization eliminates the separation between PGIM Private Capital and PGIM Fixed Income. The insurer-led firm appointed a single head of public and private fixed income  

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

CalPERS rolls out ESG due diligence for private debt investments
The California pension giant also has an investment mandate specific to battling climate change

Defaults could rise for private ARR loans during the next two years—KBRA
Borrowers of annual recurring revenue loans, typically software companies, have so far outpaced other industries in terms of growth