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

Blackstone prices static BCRED CLO
The transaction is the first non-reinvesting deal to price under the BCRED shelf

Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

Apollo Debt Solutions BDC prices its debut CLO
The private credit transaction from the fund, which is run by Apollo Credit Management, is the market’s second debut CLO pricing in three days

Churchill prices new mid-market CLO, first since January
The USD 499.7m Churchill NCPCIF CLO-II priced its senior triple-A paper at SOFR plus 166.5bps

Mid-market PE firm becomes newest CLO manager with USD 402m print
Kohlberg & Co. priced its inaugural deal on Monday, with the market’s first new private credit CLO in three weeks

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

Audax prints second mezz-only refi in two weeks
The refinancing of Audax Senior Debt CLO 4 is the second repricing for the 2020-vintage CLO, following a reset in 2023

Brightwood prices first new CLO in more than 12 months
The middle market specialist's first primary market activity of 2025 was also the first new private credit deal to price in three weeks

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

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

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

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

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

Antares resets another super-sized middle market CLO
The transaction added USD 72m in equity and USD 450m worth of triple A paper

PennantPark prints second new middle market CLO in two months
The private credit deal priced the top of the stack at SOFR plus 145bps

Golub prices tight with latest five-year middle market deal
The new issue equalled the market low for triple A spreads on private credit CLOs

Ares adds to middle market issuance with first new deal for the year
Ares Direct Lending CLO 5 priced the top of the stack at SOFR plus 138bps

CLO manager M&A driven by search for talent and scale

Daniel Loeb’s Third Point agrees to acquire Birch Grove
Billionaire Daniel Loeb’s Third Point said it will acquire AS Birch Grove from American Securities, in a move designed to expand the hedge fund's credit capabilities, according to a press release