News in brief
Blackstone plays offense amid volatility

Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

Dechert adds Paul Hastings partner to bolster private credit, CLO biz
Brian Whaley will bring his experience in private credit, securitization and structured products to the global finance group

Hamza Lemssouguer’s Arini aims to become a new US CLO manager
EXCLUSIVE: The European hedge fund has hired Goldman Sachs as arranger for its first US deal 

Alcentra raises over USD 1bn to invest in third-party as well as own CLOs
The funding will invest in CLO mezz and equity through the firm’s third-party CLO tranche investing platform and for its own issuance in Europe

February global CLO issuance on track to beat 2021 record
Monthly global CLO issuance has passed the 100-deal mark in February, with a week of dealmaking still to go

Deadline nears for 17th Creditflux Manager Awards submissions
The deadline for entries to the 17th annual Creditflux Manager Awards in May in London is closing in, with entries accepted until Tuesday 25th February.  

January issuance smashes records as spreads tighten
The CLO market blazed hot in January, breaking issuance records and pushing spreads down to near-historical lows. Market participants are positive about the rest of the quarter, but predict headwinds on the horizon.

CLO manager rankings by AUM - FY 2024
Blackstone retains its crown as the largest CLO manager in the world in the latest update to our definitive CLO manager league tables by principal liabilities

Global CLO law firm rankings - FY 2024
Our definitive global, US and European rankings for CLO law firms in 2024

Global CLO trustee rankings - FY 2024
Our definitive global, US and European rankings for CLO trustees in 2024

Man GLG consolidates European and US CLO businesses into single entity
Man GLG is consolidating its European and US CLO businesses into a single unified organisation, according to a series of investor notices

Investcorp Credit’s Jeremy Ghose and Tom Shandell set to exit firm
Investcorp has shaken up its leadership team, with Head of Global Credit Jeremy Ghose to step down and Head of Liquid Credit Investments Tom Shandell also set to leave the firm

DLA Piper bolsters US CLO team with Vavelidis move
DLA Piper has relocated finance partner Kos Vavelidis to New York from the firm’s London office to take on a global role

JPMorgan names new CLO leadership team to replace trio of senior departures
The CLO market's biggest arranger has named a new global head as well as other CLO leaders to replace Christine Ferris, Anusha Joly, and Mussie Tizazu

BNP Paribas forecast about USD 200bn of new CLO issuance in US and around EUR 50bn for Europe
BNP research analysts anticipate that CLO spreads will tighten over the first half next year, ahead of potentially widening in the second half  

Napier Park launches and successfully fundraises for captive CLO equity fund
Napier Park has launched its first global CLO captive equity fund and has already raised a sizeable amount

JPMorgan forecasts strong new CLO supply, 120bp AAAs, in 2025 outlook
JPMorgan's CLO research team has forecast ongoing strong US CLO new issuance for next year to some USD 180bn in 2025 while Europe is also expected to maintain its record new-issue performance with some EUR 45bn in new issuance next year

Oak Hill Advisors increases target cap to a billion dollars for new CLO equity fund
New York-based Oak Hill Advisors has raised USD 459m so far for its new CLO equity fund and increased the cap by USD 200m

Moody’s forecasts robust economic performance underpinning continued strength in CLOs
The ratings agency’s outlook for 2025 is upbeat about the prospects for both the US and European CLO markets, helped by declining leveraged loan defaults

KKR joins CLO captive equity rush
Investment giant KKR is fundraising for a new CLO captive equity fund with an impressive target size, joining managers like Bain, Beach Point and Brigade who all hit the news this week 

Bain Capital fundraising for third captive CLO equity vehicle
Bain Capital Credit has become the latest CLO manager to start fundraising for a new captive equity fund

Fidelity Investments buys Fidelity International’s European CLO platform
Life has become a little simpler for CLO investors, as the two different Fidelity CLO platforms combine into one manager