Capital Four raises around USD 120m for first global captive CLO equity fund
EXCLUSIVE: The firm has held a first close for its latest CLO equity fund, which will fund the firm’s future CLOs in both the US and Europe

Morgan Stanley loses head of direct lending and co-head of North America private credit
EXCLUSIVE: the head of direct lending had also served as co-head of North America Private Credit at Morgan Stanley Investment Management; bank assigns new head  

Mid-year market summary – challenges abound but CLO resilience shines through
ANALYSIS: The first half of the year saw CLOs whip-sawing between historical tights and the after-effects of the Trump administration's tariff policies – but the market remains on course for another potentially record year

Blackstone IG private credit reaches USD 115bn off insurer interest
The alternative asset manager is focused on raising capital from this investor segment without becoming an insurer itself.

Third Point’s private credit fund for insurers secures USD 400m
The firm’s first dedicated private credit fund for insurance clients held a first close

Carlyle snags Goldman’s Alex Chi for head of direct lending
Chi most recently served as co-head of Americas private credit at Goldman Sachs Asset Management

Regional banks drive growth of SRT market as EU continues to dominate issuance
Regional banks that used the standardised approach are playing a bigger role in SRT market, while the number of insurers writing credit protection through SRT almost doubled from 2023 to 2024

CalPERS hires Dutch pension alum to head private debt
The new hire fills the empty seat left by Jean Hsu, who retired from the position last year

CalPERS global head of private debt reappears at Antares
The retired investment professional joins the board of Antares’ BDCs

Blue Owl raises USD 850m from wealth channel for asset-backed debt fund
Following the close of this private offering, the alternative credit manager will be able to offer this fund to a broader investor base in a typical interval fund format  

Marathon prices eighth US BSL CLO in Bryant Park series
The deal is the second new issue this year under the Bryant Park banner 

L&G discontinues GP stakes programme as head of strategy departs
Current GP stakes investments remain 'strategically significant'; Hannah Gore-Randall led investments into Pemberton, NTR, ImpactA
   

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

Connecticut Retirement Plans and Trust Funds plans to commit additional USD 300m to Crescent Capital
Connecticut, Maine among pensions with recent expansions in private credit; Maine, Texas, Los Angeles pensions also disclose recent private credit investments

Fitch warns of dimmer credit outlook for rest of year
The rating agency’s mid-year updates cites deteriorating economic growth from US policy uncertainty, tariffs and geopolitical risk

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

BNP Paribas taps alts head for combined BNP, AXA IM group
Isabelle Scemama will oversee more than EUR 300bn in assets as the two groups merge

Fortress prints second Euro CLO
The EUR 408m deal – co-arranged by Natixis and HSBC – comes eight months after the manager’s inaugural European print

Default expectations rise as tariff threats to North America deepen – IACPM survey
Credit portfolio managers across the world see tariff-related headwinds for both the US and Canada

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

Coller completes record private credit secondaries fundraise
The USD 6.8bn final close for the Coller Credit Opportunities II fund marks the largest fundraise to date for a private credit secondaries platform

Royal London gears up for debut CLO issue later this year
EXCLUSIVE: The asset management firm, part of the Royal London Group, has hired an arranger and is planning to price its inaugural deal later this year in Europe  

Nascent European CLO ETF market could catch up to US—S&P
Positive European sentiment will help drive European ETF adoption, according to a new report

PIMCO prices first new CLO of 2025
The USD 442.3m transaction followed three refinancings from the manager in the first half of the year

AMMC reprices 2020 CLO for the third time
The US BSL deal was last reset in April 2024