Ares and Apollo price US resets at 131
The two leading managers both priced US resets on Wednesday, together valued at almost USD 1.2bn

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

CLO industry marks 10-year anniversary of the first reset
Apollo Global Management in June of 2015 pulled off the very first reset, which extended the life of a 2012 CLO

CPP Investments backs Varde’s subline strategy launch
The Canadian pension giant provided USD 300m of strategic equity toward the new fund finance platform

Blue Owl issues third Wise CLO of 2025
The capital stack for Wise CLO 2025-3 consisted entirely of A-letter-rated debt, with the triple As clearing at SOFR plus 135bps

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

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

PIMCO and LCM refi short-dated US transactions
PIMCO and LCM Asset Management have each reworked three-year reinvestment US CLOs, with both deals arranged via Bank of America

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

BlackRock pushes private markets for revenue diversification
The world’s largest asset manager is planning to launch three new private credit products for the wealth channel, in addition to its purchase of private credit shop HPS

Chatham becomes latest debut US CLO manager
Chatham Asset Management has priced its first deal via its new CLO management subsidiary, CTM Asset Management, following issues from Arini in April and Macquarie in May

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  

CalPERS invests USD 16.2bn in private debt, mostly through custom accounts
The institutional investor committed USD 12.2bn to the asset class across 17 customized investment accounts in the past 12 months  

LP secondaries sales can create risk to subscription lines – Fitch
However, a diversified limited partner base and lower advance rates for more concentrated funds can help mitigate losses, a report says

Carlyle resets billion-dollar CBAM deal from 2017
The reworking of the US BSL issue nearly doubled the size of the equity investment

Fidelity prints its first new US BSL CLO for the year
The issue is the second new CLO to price from the manager since Fidelity Investments agreed to purchase the European arm of Fidelity International’s CLO and structured product business late last year

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

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

Columbia prices third new issue following Jefferies partnership
The manager's first new-issue primary market activity for the year included four triple B tranches

US middle market could offer good, unlevered returns in downturn—Kayne Anderson
The growth of BDCs and third-party valuation firms have also led to better practices in the industry, co-head of private credit strategies Douglas Goodwillie said

New York, Texas among pension systems taking new private credit actions
New York State Common Retirement Fund commits over USD 700m to ICG strategies, while Texas, DC, Los Angeles pension funds also disclose recent private credit investments

Crescent issues first new deal since November
The manager's first new-issue print of 2025 priced its senior triple As at SOFR plus 152bps

CarVal prints first new US issue in nine months
It follows a new European CLO from the manager in March this year

UMB lifts 13 trust and agency services associates from Wilmington Trust
The hires mark the second time in less than a year that UMB has poached Wilmington Trust employees