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

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

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

Deutsche Bank and DWS strike private credit agreement
The asset manager is also bringing on a Deutsche Bank executive to head its global private credit business

Octagon more than doubles equity size in 2022-vintage US BSL reset
The USD 708m transaction also upsized the debt tranches by some USD 90m

Records tumble in fantastic February

CIFC refinances 2013-vintage US CLO
The BSL deal was previously reissued in 2018

Ex-Barclays senior CLO banker heads to Japanese bank
EXCLUSIVE: In a bout of musical chairs, a senior CLO banker formerly in the US arm of Barclays finds a new home at a smaller arranger

Antares resets middle market CLO with tight triple As and five-year timeline
The reworking of the 2018-vintage deal priced just one basis point outside the newly-established market tight, with a longer reinvestment period  

Palmer Square prices at record tight with market’s first new static US CLO of 2025
The deal is the tightest static US CLO ever, pricing narrow of the previous mark set in 2018  

Private credit CLOs see dramatic drop in spreads, at historic lows
With increased interest from managers and investors alike, middle market CLOs have seen steady spread compression down to post-GFC record low

CIFC refinances post-RP CLO with AAAs at 75
The repricing of CIFC 2013-IV saw the top-of-stack paper price at 75bps over SOFR  

Invesco closes fundraising for flagship direct lending with USD 1.4bn
Direct Lending Fund II will pursue senior secured loan investments in the middle market

US CLO roundup – US spreads fall to 'historically tight' level
The year kicked off with a bang for US CLOs with a major new tight and investor demand running red-hot

Francisco Partners closes USD 3.3bn opportunistic credit
Francisco Partners has raised an opportunistic credit fund that exceeded its 2.3bn target

Neuberger Berman prints two nearly identical refis on same day
Neuberger Berman has refinanced a duo of US BSL CLO deals from 2021 via Wells Fargo

CIFC lowers US triple-A spread mark to 122 with a reset CLO
CIFC has reset reset a CLO, arranged by Bank of America, that takes US triple-A spreads a major step closer toward the 120 mark

Blue Owl raises more than USD 2bn for evergreen direct lending strategy
Blue Owl has raised more than USD 2bn for its sophomore direct lending fund that focuses on senior, first-lien loans

Neuberger Berman latest reset reinforces triple-A spreads of 124 as new market tight
Neuberger Berman has priced a CLO reset via Mizuho that reinforces triple-A spreads of 124 as new US market tight  

Crestline debuts as a new manager with super-short, super-sized private credit CLO
Texan alternative asset management firm Crestline has priced its first CLO as a standalone manager on Friday