First Brands’ disputes raise alarming concerns that all SPV lenders should be watching – Legal Analysis
SPV lenders face potential risks, including substantive consolidation and collateral devaluation

CalPERS, LACERS among pensions disclosing recent private credit investments
CalPERS invests USD 1bn in climate-focused private credit fund by Goldman Sachs, while LACERS commits USD 170m to TPG Twin Brook, Sixth Street funds

US resets price from Barings, CVC and Western Asset Management
A trio of US BSL resets from CVC, Barings and Western Asset Management toward the end of last week added over USD 1.3bn to August’s final issuance tally

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

ICG cuts 82bps off AAAs with US reset
The transaction is the first US CLO reset this year from the manager

KKR takes year-to-date US issuance to USD 2.5bn with latest reset
The USD 313m repricing of KKR CLO 52 reworked a deal that originally printed in May 2023

Energy, not software, will drive the next decade – Apollo's John Zito
Private credit is poised to fund those necessary investments in energy and power and help large companies diversify their capital sources

Elmwood follows up print-and-sprint with second new issue in eight days
The deal takes the manager’s total CLO issuance in 2025 to over USD 4.1bn

Carlyle prices second reset of USD 1bn US BSL CLO
The reworking of CBAMR 2018-6, which was last repriced in 2019, included a USD 80.5m equity infusion

Sound Point prints new USD 354m US CLO
The BSL deal priced the senior triple As at SOFR plus 125bps

Neuberger Berman latest reset reinforces triple-A spreads of 124 as new market tight
Neuberger Berman has priced a CLO reset via Mizuho that reinforces triple-A spreads of 124 as new US market tight  

DWS prints market’s third infrastructure CLO of the year
DWS has reset a 2019-vintage deal after issuing two new infra CLOs in September   

Elmwood prices its 12th reset of a US CLO this year
Elmwood printed a USD 460m US BSL CLO reset with triple-As at 138bps via RBC Capital Markets

Fortress prints its third US CLO of the year
Fortress has priced its third new US CLO of 2024, a BSL CLO arranged by JPMorgan

Short-dated 2021 vintage US CLO gets a reset
ArrowMark has reset its short-dated Elevation CLO 2021-12, taking what was already a complicated structure and making it even more so

Rockford Tower prices its first new US issue of 2024
Rockford Tower 2024-1, the first new US BSL deal of 2024 from Rockford Tower Capital Management (King Street), was priced on Thursday

Birch Groves prices latest US BSL CLO
New York-based Birch Grove Capital has undertaken its first activity of 2024, pricing a US BSL CLO in conjunction with Bank of America

Jefferies arranges new US CLO for Crescent Capital
Crescent Capital Group last week priced its second CLO of 2023, Atlas Senior Loan Fund XXII, in a transaction arranged by Jefferies

BlackRock markets new CLO indicating spreads to tighten dramatically
BlackRock is marketing a new $503.15 million CLO via Nomura that appears on track to become the tightest US deal of the year to date

MidOcean syndicates triple As to 15 investors in latest CLO
MidOcean Credit Partners priced a new CLO via Deutsche Bank on Wednesday, with sources close to the transaction saying the deal's triple A notes were syndicated to 15 investors

Western AM goes short-tenor for first CLO of the year
Western Asset Management priced its first new issue of the year on Friday, and its fifth of the Crown City moniker it adopted in 2020

US CLO pipeline: five-year triple As solidify at 220bp
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals

CIFC's seventh new US CLO of year takes tally to $3.3 billion
CIFC Asset Management priced its seventh US CLO of the year on Friday, bringing its yearly issuance volumes to $3.3 billion and climbing to fifth on the manager leaderboard

Onex opts for four years of reinvestment on latest US CLO
Onex Credit Partners priced a new CLO on Tuesday named OCP CLO 2022-25, opting for a four-year reinvestment period on the $364.9 million transaction

Beneath the triple C: CLOs take first knock since covid scrapes
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May