CPP Investments open to buying another asset manager
The Canadian institutional investor, which acquired Antares a decade ago, would be open to another deal, head of capital solutions David Colla said at a media roundtable

Aegon resets post-RP US CLO
The repricing of Cedar Funding V was arranged by Jefferies, with the arranger bank enjoying a brisk start to the year

CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024

Barings BDC taps new CEO for the new year
Thomas McDonnell, who has spent two decades at the firm, will step in as CEO for the listed business-development company

Ares to acquire systematic credit shop BlueCove
The London-based fixed income manager invests in high-yield, corporate investment grade, convertible bonds and other liquid credit assets

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe

LPs seek cyclical private credit play amid US economic uncertainty
Many LPs pivoted to all-weather private credit strategies in recent years, but interest in more opportunistic and special-sits strategies reliant on a credit downturn are picking up once more

First Brands factoring agreements a USD 2bn variable at play in potential Chapter 11 filing – legal analysis
Factoring agreement terms determine ownership of accounts receivables in bankruptcy; fraudulent transfer claims, termination fees possible issues

US resets flow as Oak Hill Advisors sets new AA benchmark
Around USD 1.38bn of resets priced this week from Oak Hill Advisors, Carlyle, UBS and Intermediate Capital Group, with OHA's print setting a new benchmark in the double As of SOFR plus 150bps

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Blackstone lowers US reset spread tight to 124 as Golub and Napier Park also price narrow
Market heavyweights Blackstone, Napier Park and Golub each priced US BSL resets to close out last week, with Blackstone lowering the triple A spread level below the now-established SOFR-plus-125bp benchmark

Private credit secondaries poised for record year
Deals in the market are only getting larger and volumes are expected to surpass USD 18bn this year, a new Evercore report shows

Rithm acquires Crestline, creating USD 98bn alts platform
Crestline adds USD 17bn in assets under management and capabilities across direct lending, fund liquidity solutions and insurance

Bow River Capital acquires asset-based lending firm
The acquisition will add a 12-person team and a strategy focused on providing private, asset-based loans to companies in the lower middle market

2018-vintage CIFC reset sees major equity upsizing
The repricing of CIFC Funding 2018-III, arranged via Citi, included an equity infusion of almost USD 60m

BC Partners LPs roll into third unitranche-focused private debt fund
The latest Great Lakes III fund kicked off its investment period and began deploying capital on 1 August, the company said.

Coller Capital backs Twin Brook in record USD 3bn private credit continuation vehicle
The continuation vehicle will acquire a diversified portfolio of sponsor-backed, senior direct loans from TPG Twin Brook’s 2016 and 2018 vintage funds

Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Man Group to acquire CLO and private credit manager Bardin Hill
The USD 3bn credit manager, now named Bardin Hill, is a private credit and US CLO shop based in New York

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

CVC reworks 2018-vintage US CLO
The deal, which included a 55% equity upsizing, saw the overall cost of funding increase slightly from its pre-reset level

Former Barclays CLO head John Clements joins MUFG
The Japanese bank has appointed him as their head of CLOs, based in New York

Carlyle prices second reset of USD 1bn US BSL CLO
The reworking of CBAMR 2018-6, which was last repriced in 2019, included a USD 80.5m equity infusion

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