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

Private credit CLOs boom to new high
The middle market is seeing record levels of issuance as the smaller corner of the CLO space draws more investor interest, while US BSL primary activity chases 2024 levels

End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

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 

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

Man Group to acquire CLO and private credit manager Bardin Hill
The USD 3bn credit manager, now named Bardin Hill, is a private credit and US CLO shop based in New York

Monroe Capital Partners returns to primary market with first 2025 print
The deal’s upper mezz priced in line with earlier investor guidance, but the triple Bs priced notably wide, with the spread remaining unchanged from its pre-reset level

Bain tightens triple A benchmark for private credit CLOs
The USD 349.13m private credit CLO lowered the current triple A tight for mid-market CLOs by one basis point, to SOFR plus 162bps

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

News in brief
Blackstone plays offense amid volatility

Blackstone prices static BCRED CLO
The transaction is the first non-reinvesting deal to price under the BCRED shelf

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

Apollo Debt Solutions BDC prices its debut CLO
The private credit transaction from the fund, which is run by Apollo Credit Management, is the market’s second debut CLO pricing in three days

Mid-market PE firm becomes newest CLO manager with USD 402m print
Kohlberg & Co. priced its inaugural deal on Monday, with the market’s first new private credit CLO in three weeks

Brightwood prices first new CLO in more than 12 months
The middle market specialist's first primary market activity of 2025 was also the first new private credit deal to price in three weeks

CLO portfolio values, new issuance face tariff risk—KBRA
Market volatility and uncertainty around tariff plans have already led to some CLO deals being put on hold or delayed

Mid-market CLO refis price from Cerberus and PennantPark
The two deals both priced their senior triple As at SOFR plus 135bps

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

Antares resets another super-sized middle market CLO
The transaction added USD 72m in equity and USD 450m worth of triple A paper

Ares adds to middle market issuance with first new deal for the year
Ares Direct Lending CLO 5 priced the top of the stack at SOFR plus 138bps

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

A holiday funds roundup
A recap of end-of-year happenings as the industry kept moving right through the holidays and the new year celebrations

Daniel Loeb’s Third Point agrees to acquire Birch Grove
Billionaire Daniel Loeb’s Third Point said it will acquire AS Birch Grove from American Securities, in a move designed to expand the hedge fund's credit capabilities, according to a press release

US MM CLO Rankings - November 2024
Golub continues to dominate our latest manager rankings for the US MM CLO market, with SocGen standing out among the arrangers

Willow Tree prices second middle-market CLO
Willow Tree Credit Partners has priced a new middle-market CLO, three months after the manager’s debut offering in September