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

Credit quality of European CLOs improved since start of year – Fitch
A new report from Fitch Ratings points toward higher quality CLO portfolio credit in the year to date, despite a lower default recovery rate

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

Oak Hill Advisors raises USD 3.3bn for senior direct lending
The fund has yet to hold a final close but has already exceeded the fund’s initial target

Upgrades outpace downgrades in triple C tranches of CLOs in July – BofA
Despite July's reversal, the pace of triple C downgrades remains significant, BofA said, and is expected to reach 8% for triple Cs

Shenkman affiliate Romark prices year's first CBO
The deal follows a similar issue last July - itself the first new CBO priced in over two years

The top five holdings of July’s CLO ETF launches in Europe
A round of high-profile CLO ETF launches by BlackRock, PGIM and UBS in Europe and their top holdings in July

Private debt market fundraising shows shift to Europe – Goldman Sachs
Private credit market fundraising has been pivoting to Europe, while global defaults remain below historical averages, according to new research from Goldman Sachs

KKR resets short-dated US deal from last year
The USD 373m reworking renewed KKR CLO 45a on a standard 2Y/5Y timeline

NYS Common Retirement Fund to invest USD 100m in Pearl Diver's distressed CLO fund
Public Pensions, Private Pursuits: New York State, Ohio pensions reveal recent private credit investments 

UBS launches firm’s first European CLO ETF
The UBS EUR AAA CLO UCITS received approval in Luxembourg last month

Carlyle promotes credit head to co-president amid senior reshuffle
Mark Jenkins joins John Redett and Jeff Nedelman as new co-presidents of Carlyle

Voya's first European CLO for the year prices tight with triple Bs at 300bps
The new issue was upsized to EUR 509m and is the manager's first European primary market activity since last November

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