2026 kicks off with a lot of thunder and not much lightning
ANALYSIS: A lot of noise around geopolitics, Fed interference and market volatility has had little effect on the global CLO market, for now  

US BSL CLO rankings – full-year 2025
EXCLUSIVE: Blackstone returns to the top of the tree as the leading US BSL CLO issuer in 2025 in Creditflux's full-year manager rankings, while Bank of America comfortably topped the arranger tables. Behind them though, there was plenty of movement

Anchorage re-rates AA debt to AAA in 2024 US CLO refi
The full refinancing of the 2024-vintage deal was arranged by Morgan Stanley

Former Tikehau US CLO leaders reappear at Serone
Erika Morris and Wes Seifer join Serone Capital Management to build a US performing credit business

Private credit CLOs scaled new heights in 2025
CHART: Mid-market CLOs enjoyed their biggest issuance year ever, powered by a high number of pricings and underpinned by an especially prolific opening quarter

Jefferies kicks off US BSL issuance activity with repricings for Five Arrows and Bain
The reset for Five Arrows and a refinancing for Bain totalled to a value of just under USD 788.5m

US CLO pipeline in Q1 gears for strong start
ANALYSIS: The market is expecting healthy first quarter CLO issuance that will likely match the high bar set last year 

US BSL CLOs in 2025 saw strong year despite macro upheavals
Notwithstanding the upheaval caused by tariffs, technicals and investor demand contributed to an issuance total not far off 2024's record level

Monroe raises USD 6.1bn for senior direct lending
The firm held a final close for its Monroe Capital Private Credit Fund V and raised additional capital from separately managed accounts

TPG, Jackson Financial strike partnership focused on private credit
TPG will take a minority stake in Jackson and start by managing at least USD 12bn of the insurer’s assets

Barings prices inaugural infrastructure CLO
Co-arranged via MUFG and Morgan Stanley, Barings Infrastructure CLO 2025-I is the manager's first-ever CLO backed by infrastructure loans

Banner Ridge hits USD 4.2bn hard cap for credit secondaries fund
The oversubscribed fund, Banner Ridge Secondary Fund VI, will acquire stakes in opportunistic credit and special situations funds

CLO managers enter 2026 with higher cash balances – Fitch
By the end of 2025, 29 deals held more than 1% in cash, while nine deals had more than 3% of cash, according to Fitch

South Carolina, Texas among systems disclosing recent credit allocations
Ares Pathfinder Fund III to launch in 1Q26 with USD 5bn target, while South Carolina system allocates USD 550m to two managers and Illinois and Montana systems commit USD 150m across various funds

An opportunity-rich 2026 also promises fresh challenges for the US CLO market
EXCLUSIVE: A new Fed chair, AI dominance, and heightened fraud awareness are setting the stage for an interesting 2026 in the US CLO market

Guggenheim prices unlevered rated feeder
Guggenheim has issued a second levered feeder fund for the year, with Wells Fargo again acting as lead arranger on the transaction

TwentyFour AM favours European CLO equity going into 2026
In comparison, US CLO equity faces more challenges related to LMEs and refinancing activity, the asset manager said

US senator slams regulators’ hands-off approach to bank, private credit oversight
In a new letter, Senator Elizabeth Warren accused Scott Bessent, US Secretary of the Treasury and Chair of the Financial Stability Oversight Council, of sabotaging the FSOC’s authorities and pushing deregulation

Lev loan guidance shift will challenge private credit CLOs, bring more new loan supply – Shenkman
EXCLUSIVE: Regulators rolling back restrictive guidance around leveraged lending could help traditional bank lenders claw back market share from US direct lenders

Individuals account for nearly a quarter of private credit investor base – Alternative Credit Council
The global private credit market grew to around USD 3.5tn in assets at the end of 2024, according to a new report from the Alternative Credit Council and Houlihan Lokey 

Alternative assets come for investors across the wealth spectrum – CAIS, Mercer survey
Meanwhile, private equity replaced private debt as the most popular asset class among surveyed financial advisors

SMBC hires Citi’s head of US CLO trading
EXCLUSIVE: SMBC Nikko has hired the head of Citi’s US CLO trading desk, according to sources

UBS looks to start CLO arranging business
EXCLUSIVE: UBS' moves to join the space come as more players enter the space, attracted by the lucrative fees associated with helping managers put CLO deals together and selling them to investors

Polus prices third US CLO
Polus Capital Management has issued its third US CLO and its second this year, following the manager’s US market debut in September 2024

US regulators walk back post GFC leveraged lending restrictions
The OCC and FDIC now say the guidance was overly restrictive and that banks should rely on general risk management principles to manage their leveraged lending activity