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 

CLO banker Rachel Russell leaves Morgan Stanley for Brookfield
The bank’s head of global new CLO issuance departs after two decades at Morgan Stanley  

Citigroup’s Jim Hughes departs for TPG Angelo Gordon
TPG Angelo Gordon has nabbed the more than 20-year Citi veteran.

DWS prints the first infrastructure CLO of 2025
The latest deal in the RIN series is the first infrastructure-focused CLO this year

Audax and Nuveen price their first private credit CLOs of 2025
The deals – one new issue and one reset -- are the first middle market activity from either manager this year  

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

M&G prices third new European CLO in post-crisis era
While spreads for the deal were generally fairly tight, there was some evidence of emerging weakness in the single As  

Apollo’s Redding Ridge agrees to acquire Irradiant to become top 5 CLO manager
The deal will also see Irradiant Partners’s senior management team take up positions across Redding Ridge and Apollo

Ex-Panagram CEO, CLO team launch new credit manager
The new Reckoner Capital Management is backed by RedBird Capital Partners

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

Northwestern Mutual prints 2025’s first new short-dated US CLO
The issue also marked the manager’s first issuance activity for the year

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.  

CIFC prints first new issue this year under JV with Teacher Retirement System of Texas
The USD 607m CLO is the latest in the manager’s joint venture with the Teacher Retirement System of Texas

Wellington Management raises USD 194m for inaugural captive CLO fund
The established CLO investor will use the fund to primarily invest in equity tranches of its own US BSL CLOs

TPG Angelo Gordon prices its first private credit CLO since September
The manager added to the list of middle market deals this year with a new USD 397m issue  

Private credit CLOs see dramatic drop in spreads, at historic lows
With increased interest from managers and investors alike, middle market CLOs have seen steady spread compression down to post-GFC record low

Voya's first new US BSL CLO of the year hits AAA tights
The deal priced the senior-most tranche of triple A notes at SOFR plus 113bps

Hayfin returns to market with first US CLO in nine months
The reset of the 2020-vintage deal priced the top of the stack at SOFR plus 123bps  

Tariffs, trade wars and inflationary pressures are unlikely to prevent CLOs doing well this year
No two years are the same — but 2025 is shaping up to be strong

Big managers hold steady in CLO boom
After a late surge, 2024 saw USD 588bn of new global issuance from 1,331 CLOs, as well as the launch of multiple managers. But the biggest players mostly held on to their high rankings

A profitable year for credit funds
An almost 18% rise ensured our CLO fund index was the best performer in 2024. But other credit indices werenʼt far behind as funds across the credit spectrum delivered strong returns

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.

Credit hedge funds - December 2024
Credit hedge fund performance

Fund performance - December 2024
CLO funds cap off strong 2024 with yet another good month