CLO portfolio values, new issuance face tariff risk—KBRA
Market volatility and uncertainty around tariff plans have already led to some CLO deals being put on hold or delayed

Steven Cohen's Point72 makes private credit hires from Linden and Carlyle
EXCLUSIVE: The hedge fund has hired Linden Partners’ co-head of the structured capital fund for the new private credit team, also hired a principal from Carlyle

Bayview launches fund finance unit with new hires from 17Captial and JPMorgan
The asset manager has hired Michael Timms and Colin Doherty to co-head new strategy
   

State Street launches public-private market fund, leaning on Apollo
The new fund is designed for the US retirement channel and provides private market exposure through a pooled investment vehicle managed by Apollo

Audax prices unusual mezz-only mid-market refi
The deal saw the double As price 90bps narrow of the untouched triple As

Bain to manage Lincoln Financial assets, takes minority stake
Bain Capital plans to take a 9.9% stake in the life insurance and retirement plan firm and will manage more than USD 20bn for the firm’s general account over six years

Oak Hill Advisors fundraising multi-strategy private credit fund for wealthy investors
EXCLUSIVE: the new fund is currently only accepting accredited investors but intends to eventually open the product to the wider wealth channel.

Mid-market CLO refis price from Cerberus and PennantPark
The two deals both priced their senior triple As at SOFR plus 135bps

Carlyle’s AlpInvest raises USD 3.2bn in financing for private funds, GPs
The firm’s new AlpInvest Strategic Portfolio Finance Fund II will provide financing to private equity funds, GPs and LPs as well as private credit secondaries investments

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

US corporate private credit assets surpasses BSL, HY markets—LSTA
Despite the growth, leverage across various private credit vehicles remain modest, according to the industry group’s latest study  

First Eagle launches nontraded BDC that invests in US middle market private credit
The product will invest in directly originated, senior-secured, first lien loans to US middle market corporate borrowers

Massachusetts, midwest pensions disclose recent private credit moves – Public Pensions, Private Pursuits
ANALYSIS: Massachusetts, Michigan pensions reveal private credit investments totaling USD 225m, Illinois Municipal Retirement Fund commits USD 50m to Pemberton   

Partners Group launches dedicated private credit secondaries effort
EXCLUSIVE: The firm already has experience in private equity secondaries, infrastructure secondaries and real estate secondaries

Coller Capital buys USD 1.6bn portfolio, claiming largest senior direct lending secondaries deal
The private markets secondaries specialist has acquired a senior direct lending portfolio from a multiline US insurer

SCERS to merge private and public credit, as lines between asset classes blur
The US pension fund is seeing more hybrid credit strategies that invest across both public and private markets

Apollo’s MidCap resets second mid-market deal in quick order
The reset of middle market CLO Woodmont 2023-11 Trust followed shortly after the manager had repriced another such deal

Dechert adds Paul Hastings partner to bolster private credit, CLO biz
Brian Whaley will bring his experience in private credit, securitization and structured products to the global finance group

BC Partners secures USD 1.4bn for flexible, opportunistic credit
The private credit arm of the firm held a final close for its Special Opportunities Fund III

BlackRock, a traditional asset manager no more – CEO Larry Fink
In his latest annual letter to investors, Chairman and CEO Larry Fink lays out his ambition to index private markets and bring these illiquid assets to the masses

AXA IM Prime takes minority stake in Monroe Capital
AXA IM Prime used its GP stake strategy to invest in Monroe alongside the Wendel Group, which acquired a majority stake last year

Guggenheim alums to head new Hoplon-backed private ABS shop
The new platform just finished a USD 1.35bn IG securitization of internet identity service assets

More volatility, more uncertainty and more tailwind for private credit – KKR’s Dan Pietrzak
PODCAST: The new Trump administration in the US has introduced new uncertainty with its preparedness to employ wide-reaching tariffs, and M&A volumes remain depressed, but KKR’s private credit team is busier than it has been in the past few years. 

Mid-market repricings keep coming, with deals from Deerpath and MidCap
The two transactions at the end of last week together totalled USD 1.3bn

Golub prints largest CLO ever in reset of 2023-vintage middle market deal
The USD 2.32bn reset brings the total capitalisation of Golub Capital Partners CLO 65(M) to USD 2.5bn