New managers hustle to join buoyant CLO market
New entrants are bustling to join the ranks of BSL CLO managers in both the US and Europe, with Obra, Fortress and CIC all in the market

Global SRT market set for record year, according to Chorus estimates
A new update from SRT specialist Chorus Capital forecasts that 2024 will be another record-breaking year for its market with the number running around 25% ahead from last year so far

Corinthia eyes EUR 1bn first close for maiden European direct lending strategy
Corinthia is on the cusp of holding a EUR 1bn first close for its inaugural European direct-lending strategy, four sources familiar with the situation said. 

Nuveen and AGL among those plotting debut as European CLO managers
US-based firms Nuveen, AGL Credit Management and LCM Asset Management are among those planning to kick-start CLO deals in Europe

2024 Q3 CLO law firm rankings
Our definitive global, US and European rankings for CLO law firms in the first nine months of 2024

2024 Q3 CLO trustee rankings
Our definitive global, US and European rankings for CLO trustees in the first nine months of 2024

2024 Q3 CLO manager rankings by AUM
Blackstone regains its crown as the largest CLO manager in the world in the lateset update to our definitive CLO manager league tables by principal liabilities

SMBC swoops in to take JPMorgan’s CLO leadership
In one of the most dramatic moves the CLO market has ever seen, SMBC Nikko has swooped in and hired three of the most senior members of JPMorgan’s CLO leadership team

European direct lending firms raise record funds in third quarter
European direct lending fundraising jumped up a notch last month, as year-to-date figures almost doubled in a few final closes

Fund performance
August returns were largely positive for credit hedge funds, as 88% of those listed in the Creditflux database reached into the black

Credit hedge funds
Credit hedge fund performance tables as of the end of August 2024

Adams Street raises additional USD 289m for evergreen fund
Adams Street Partners has corralled an additional USD 289m for an evergreen direct lending fund that launched in 2020

Pearl Diver raises USD 100m for first investment grade CLO fund
CLO equity specialist Pearl Diver has expanded up the stack with the launch of its first investment grade CLO fund 

Polus debuts as US CLO manager with first deal pricing
Polus Capital Management has become the first debut US BSL CLO manager of the year after pricing Polus US CLO I 

Blue Owl moves to launch direct lending business in Europe
US-based asset manager Blue Owl is looking to launch a direct lending business in Europe and is interviewing deal-markers in the regions

Taking stock after a long hot summer
As fall approaches, the global CLO and leveraged loan markets are in a strong position. But will records set in 2021 tumble?  We compare the numbers — and find out what the market thinks

Fund performance
CLOs feel the heat from corporate long-short and ucits funds in July; top ten credit funds in July 2024

Credit hedge funds
Credit hedge fund performance for July 2024

Apollo’s Redding Ridge promotes Joe Moroney to CEO
Redding Ridge, Apollo's CLO management subsidary, has named Joe Moroney to be its new CEO 

Corinthia Global Management eyes deployment in 4Q24
The upstart direct lender sued for lifting more than 20 staff from Barings is preparing to begin deploying capital as it announces a flurry of senior appointments

CLO round-up: CLO market sees slight pressure to widen new issue spreads
CLO market saw robust deal activity with some pressure on liability spreads last week

Search for diversification begins as direct lenders predict uptick in defaults
Amid the buzz of private credit there are doubts, as headwinds have caused the market to become cautious as competition increases.

CLO strategies outperform again
In 2023, our index of funds investing in CLO tranches and equity returned 22.9%. In the first six months of this year, the index reached 9.9%, as these funds again delivered outstanding results

CLOs at a glance
CLO issuance table for July 2024

By raising billions, private credit funds are causing a seismic shift in leveraged finance
Private credit funds are amassing a huge war chest that’s permanently changing the complexion of the leveraged finance market