Onex hits reset once again on 2016-vintage US CLO
The manager priced its third reset of the nine-year-old transaction, with the triple As clearing at 130bps over SOFR

Sculptor prices new euro CLO amidst busy market
Sculptor European CLO XIII was the manager's first new European issue in over six months

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

PGIM shakes up credit platforms in major reorganization
The reorganization eliminates the separation between PGIM Private Capital and PGIM Fixed Income. The insurer-led firm appointed a single head of public and private fixed income  

Fortress rolls out hybrid, evergreen asset-based credit fund
The Asset-Based Credit II fund allows investors to roll commitments and earnings into successor funds in the same series

Ares and Apollo price US resets at 131
The two leading managers both priced US resets on Wednesday, together valued at almost USD 1.2bn

Neuberger Berman restarts post-Barcelona Euro activity with new issue
The manager returned to European primary market issuance for the first time in 14 months with its latest print this week

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Blackstone hires Laura Coady from Jefferies to head CLO business
The alternative asset manager has poached Jefferies's top CLO banker to become its global head of CLOs and head its European liquid credit strategies

CLO industry marks 10-year anniversary of the first reset
Apollo Global Management pulled off the very first reset in June 2015, which extended the life of a 2012 CLO

CPP Investments backs Varde’s subline strategy launch
The Canadian pension giant provided USD 300m of strategic equity toward the new fund finance platform

Blue Owl issues third Wise CLO of 2025
The capital stack for Wise CLO 2025-3 consisted entirely of A-letter-rated debt, with the triple As clearing at SOFR plus 135bps

Monroe Capital Partners returns to primary market with first 2025 print
The deal’s upper mezz priced in line with earlier investor guidance, but the triple Bs priced notably wide, with the spread remaining unchanged from its pre-reset level

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

PIMCO and LCM refi short-dated US transactions
PIMCO and LCM Asset Management have each reworked three-year reinvestment US CLOs, with both deals arranged via Bank of America

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

The market will not look kindly on managers that don’t reset their deals
In today’s CLO market, the choice is stark: reset or slowly perish

BlackRock pushes private markets for revenue diversification
The world’s largest asset manager is planning to launch three new private credit products for the wealth channel, in addition to its purchase of private credit shop HPS

Chatham becomes latest debut US CLO manager
Chatham Asset Management has priced its first deal via its new CLO management subsidiary, CTM Asset Management, following issues from Arini in April and Macquarie in May

US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

CalPERS invests USD 16.2bn in private debt, mostly through custom accounts
The institutional investor committed USD 12.2bn to the asset class across 17 customized investment accounts in the past 12 months  

US-based Diameter Capital moves to enter Europe as a CLO manager
EXCLUSIVE: The credit-focused alternative asset manager has made hires in Europe to issue CLOs in the region, according to sources

LP secondaries sales can create risk to subscription lines – Fitch
However, a diversified limited partner base and lower advance rates for more concentrated funds can help mitigate losses, a report says

Carlyle resets billion-dollar CBAM deal from 2017
The reworking of the US BSL issue nearly doubled the size of the equity investment

Fidelity prints its first new US BSL CLO for the year
The issue is the second new CLO to price from the manager since Fidelity Investments agreed to purchase the European arm of Fidelity International’s CLO and structured product business late last year