Wendel announces purchase of majority stake in Monroe Capital
French investment firm Wendel announced on Tuesday it has agreed to acquire 75% of US private credit firm and CLO manager Monroe Capital for USD 1.13bn, as part of its planned expansion into third-party asset management.

The powers behind the loan
Thought that Wall Street still pulled the shots in LBO financing? Meet the real power brokers of the new world order — the people who run buy-side capital markets desks at private equity firms

HighVista aims for USD 500m for third private credit fund
HighVista raised USD 78m as the Boston-based alternative asset manager targets USD 500m for its third private credit fund 

Resignation of Texas bankruptcy judge David R Jones raises potential for vacating prior rulings in legacy cases
Debtwire's full breakdown of the situation explains all the details of a resignation that threatens chaos for both active and historic restructurings, including cases like J.C. Penney and Neiman Marcus

Fed members need to restore their credibility, which could translate into excessive tightening
Rising wages have boosted spending and GDP — but the party can’t last forever

Golub rearranges direct lending leadership team

Golub Capital promoted several members of its direct lending leadership team as the firm continues to grow.

Two more credit firms explore US CLO management
Two US credit shops, headquartered in Greenwich and Boston, are the latest to explore launching US CLO management platforms, according to multiple sources. One has also launched a CLO fund.

First Eagle promotes four across syndicated loans and direct lending
First Eagle Alternative Credit has promoted four officials to senior-level roles across its direct lending and syndicated loans businesses

HighVista holds final close of second private credit fund at $450 million
HighVista Strategies has announced the final close of a second private credit fund

Florida manager rides back into CLO market with first new issue in four years
HIG Capital has returned to the CLO market with its first new issue in over four years. The manager priced a $661.5 million middle market CLO named WhiteHorse Principal Lending CLO 2022-1

Zais CLO management figurehead leaves after nearly a decade
Zais's leveraged finance business head has parted ways with the firm

Experienced structured credit trader to join bank after leaving Credit Suisse
Credit Suisse is set to lose a trader with almost 17 years experience at the firm to another bank in New York

SocGen promotes credit head in New York
Societe Generale has appointed a 20-year veteran of the bank to head of fixed income for the Americas

CLO spreads are not pricing in recession: JP Morgan
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts

Cairn signals US credit ambitions by hiring CLO PM from GSAM
Cairn Capital has hired a CLO portfolio manager to lead the firm’s US leveraged credit business

JP Morgan splits global head of institutional structuring role as it promotes three
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles

Blackstone lands big name as bank's synthetic structured credit talisman joins buyside
Blackstone has hired a well known figure from the synthetic structured credit market, with a prominent name in CSOs joining the firm after 18 years working on the sell-side 

Nuclear power plant seizure amps up commodity chaos
The high volatility driven by Russia's invasion of Ukraine is taking financial markets to new extremes, with credit ending the week once again hitting new widest spreads since mid-2020

Franklin makes it back to CLOs as parent company looks to issue through two channels
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan

Park Square sells minority stake to Bonaccord
Bonaccord Capital Partners has bought a minority stake in $10 billion private credit shop Park Square Capital

Citadel promotes credit head to co-CIO
Citadel has promoted its global credit head to co-chief investment officer

Muzinich secures "substantial equity commitment" for new CLO platform
Muzinich’s CLO ambitions – reported by Creditflux late on Wednesday – are being supported by equity capital, both internally and through investors

Putnam returns to CLOs after 17 years with Morgan Stanley-arranged comeback deal
Putnam Investments priced its comeback CLO on Wednesday after teaming up with Morgan Stanley

Private equity firm hires US CLO PM to build out new business
A large US private equity firm is moving into CLO management, laying the foundations for this by hiring an experienced CLO business-builder

CLO investor leaves firm he co-founded to join Prospect in New York
Prospect Capital has to its CLO investment team in New York