Rob Zable returns to CLOs with global role at Guggenheim
EXCLUSIVE: Blackstone’s former global head of liquid credit strategies will now lead the New York-based firm’s CLO and liquid loan effort

Tikehau surpasses target on private credit secondaries fundraise
EXCLUSIVE: The latest fund, which has yet to close, has already racked up more than USD 750m

Corporate Europe kicks on with ECM, M&A plans as US market fears grow
Best year for European corporate equity capital markets and M&A since 2021, but storm clouds forming in US AI valuations and private credit

Monthly defaults driven by bankruptcies for first time in two years – S&P Global
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report

Reset frenzy set to ease — for now
The majority of deals from 2022 and 2033 that could be reset have been, so activity is likely to slow. But 2024 was a busy year for issuance and deals from then may bring a new surge in 2026

Blackstone’s Jane Lee to leave the firm
EXCLUSIVE: Blackstone's head of CLO capital formation who spearheaded its CLO issuance has resigned to take time off

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Alaska, Pennsylvania among pensions disclosing recent private credit investments
Alaska retirement system reveals over USD 400m in private credit investments and Pennsylvania and Texas pensions make new commitments to European private credit funds, while Maine PERS commits to another new TPG Twin Brook fund

Park Square and Nomura plan private credit partnership
EXCLUSIVE: The two parties are negotiating a partnership in which Nomura’s US investment banking unit would help Park Square source unitranche deals in the US

HIG WhiteHorse corrals USD 5.9bn for US direct lending
The latest fund will be used to originate senior-secured loans for both sponsored and non-sponsored corporate borrowers

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

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.

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

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

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

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

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

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

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

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