Records tumble in fantastic February

Fund performance - February 2025
Structured finance leads, but all indices stay positive as 2025 begins

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

New Canyon CLO sees mezz spreads print wide of guidance
The BSL transaction was the first new US issue of the year from the manager  

Clifford Chance adds Mayer Brown partner to meet CLO demand
The law firm is expanding its CLO capabilities in the US to meet a growing demand in the market

Morgan Stanley Eaton Vance prices first new deal since 2023
The new US BSL CLO is the manager’s first print since it priced two deals in November

Ex-Barclays senior CLO banker heads to Japanese bank
EXCLUSIVE: In a bout of musical chairs, a senior CLO banker formerly in the US arm of Barclays finds a new home at a smaller arranger

Nassau prints only second new US BSL CLO in two years
The USD 409m deal incorporated a relatively complex capital structure  

Bill Lemberg helms CLO team as Post Advisory mulls sales
Lemberg has put his retirement plans on hold following the quick departure of Marc Boatwright
 

New Centerbridge print shows only slight mezz tightening compared to late 2024 levels
The manager’s first print of the year tightened triple As significantly from its last print in December, but priced only slightly narrower further down the stack  

Apollo’s Redding Ridge resets 2021-vintage CLO
The reworking of RR 19 priced its triple As in line with the current market average for US BSL resets  

AB prints its first new-issue private credit CLO in five months
The half-billion-dollar deal was the latest middle market CLO to price its triple As below SOFR plus 140bps  

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