US middle market could offer good, unlevered returns in downturn—Kayne Anderson
The growth of BDCs and third-party valuation firms have also led to better practices in the industry, co-head of private credit strategies Douglas Goodwillie said

Serone adds third act with newest CLO pricing
The European manager priced its third deal just a year on from its market debut

New York, Texas among pension systems taking new private credit actions
New York State Common Retirement Fund commits over USD 700m to ICG strategies, while Texas, DC, Los Angeles pension funds also disclose recent private credit investments

Crescent issues first new deal since November
The manager's first new-issue print of 2025 priced its senior triple As at SOFR plus 152bps

CarVal prints first new US issue in nine months
It follows a new European CLO from the manager in March this year

Anchorage prints first new Euro CLO in 12 months
Spreads for the manager’s latest deal priced wide of those for Ares’ new CLO, which also priced Wednesday

UMB lifts 13 trust and agency services associates from Wilmington Trust
The hires mark the second time in less than a year that UMB has poached Wilmington Trust employees

M&G strengthens European structured credit with Madrid appointment
The hire is part of M&G’s strategy to expand its European origination and research capabilities, supporting the growth that M&G expects to see in structured credit

European market gears up for fresh issuance wave with building pipeline
ANALYSIS: The pipeline includes up to 20 deals, building on a stream of increased issuance and tightening spreads following the market’s April hiatus

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

Flood of new US CLOs print before long weekend as market wraps up busy week
A hectic day saw new issues pricing from Antares, Barings, CQS and Polus

Invesco prices first new issue for 2025
The US deal is the first new CLO from Invesco since November last year

Warwick returns to primary market with first deal in six months
The new US issue priced its triple As in line with the current market average

Obra prints its second US CLO
The USD 504m deal comes six months after the manager’s debut offering

MJX refinances award-winning CLO from 2023
The US BSL deal was named Best New US CLO in last year’s Creditflux awards

Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Connecticut, San Francisco among funds making new private credit moves – Public Pensions, Private Pursuits
EXCLUSIVE: Connecticut plans commitment to Anchorage Capital distressed credit funds; San Francisco, North Dakota, and Dallas funds disclose recent commitments

Crestline raises USD 1.7bn to lend to private asset funds
The firm held a final close on its third net-asset-value fund called Portfolio Finance Sentry Fund

Former Platinum Credit MD joins multi-manager platform Schonfeld
Jordan Stevens previously served as a senior credit deal lead for Platinum Equity’s private credit platform

Buyout Highlights - Overview of Europe Buyout and Financing Trends 1Q25
Leveraged loans are again the main source of financing for LBOs in Europe, providing 65% of the total volume issued in 1Q25  

Kayne Anderson to debut private BDC to tap affluent investors
EXCLUSIVE: Private BDCs, pioneered by some of the largest direct lenders in the market, are becoming a common vehicle across the private credit manager industry

HIG issues first new CLO in 15 months
The deal is the first new print from the manager since it priced HIG WhiteHorse Trinity CLO 2024-1 in February last year

AB opts for short duration with latest BSL issue
The USD 402.1m deal comes three months after the manager's last new issue, a mid-market CLO

US-China negotiations complete puzzle to get CLO market back to business
Investors have plenty of cash to invest and there are tailwinds to help spreads tighten again.