Electronic Arts trustee steps down as bondholders call default
US Bank steps down as trustee due to unresolvable conflict; bondholders argue that failure to honour CoC triggered default, while EA intimates it has alternative IG rating from Egan Jones

Redding Ridge structurer joins Blackstone in London
Milind Harish previously spent five years working at Apollo affiliate and CLO specialist Redding Ridge Asset Management

Most HNW investors unfazed by negative private credit headlines
Just three out of 10 investors aware of private credit headlines felt the negative news made them more cautious of the asset class, according to a new Goldman Sachs report

KKR working on own version of Apollo's AMAPS
EXCLUSIVE: KKR is actively working on its own version of Apollo’s Multi-Asset Prime Securities (AMAPS), according to two sources familiar

Record 9M26 lifts North America M&A even as 3Q activity cools – Dealspeak North America
3Q deal value falls 22% amid geopolitical uncertainty, rate hike; continuation vehicles gain traction as sponsor exits slow

Further IPO delays likely to follow Oura’s as bond market turbulence rises – ECM Pulse Global
Market ructions complicate application of investor feedback on valuations; Holtec, Bamboo among upcoming listings already throwing in the towel, while Anthropic’s listing sets up high-stakes finish as AI bull trade questioned

Goodwater Capital’s co-founder says valuation is a critical factor for venture capitalists
PODCAST: Everything in the private market currently “seems very elevated”, which as a venture capitalist, makes 'stock picking’ all the more important, says Eric Kim, co-founder of Goodwater Capital, on the latest episode of Credit Exchange with Lisa Lee

Megadeals propel M&A toward nine-month record despite third-quarter slowdown – M&A highlights 9M26
Global M&A activity flirted with record levels in the first nine months of 2026, although a marked third-quarter slowdown and stagnant deal count exposed an uneven market – but while M&A volume surged, deal count declined slightly, suggesting that confidence in striking larger transactions remains strong, while smaller deals are taking longer to complete amid geopolitical and macroeconomic uncertainty

Conning NA CIO sees 'really strong quality' In CLOs
PODCAST: CLOs will continue to be a strong area of investments for the insurance industry, Cindy Beaulieu, CIO of Conning North America, has told Creditflux managing editor Lisa Lee on the latest episode of the Credit Exchange podcast

PGIM Credit’s co-CIO says we are in the early stages of credit crowding
PODCAST: Two pools of capital – the franchising of the AI digital infrastructure buildout and government spending – are interest rate-insensitive and require a massive quantum of debt, says Gregory Peters, co-chief investment officer at PGIM Credit, on the latest episode of Credit Exchange with Lisa Lee

Travelodge working with Freshfields as bondholders query capital structure
Hotel operator has historically worked with Kirkland & Ellis; debate regarding whether lease reprofiling alone will achieve sustainability

Franklin Templeton open to further acquisitions
Franklin Templeton lacks scale only in infrastructure, on debt and equity sides; looking to balance proportion of US assets, interested in European and Asian expansion

Bond realities and credit crowding
Global sovereign bond yields are going haywire. US Treasury Secretary Scott Bessent is furiously trying to bring down borrowing costs, and, as we go to press, the Treasury Department said it would increase its extraordinary bond buying up to USD 6bn

Credit markets brush off government bond fears
The world is playing one big game of chicken, and it’s hard to say who will break first as the pressure builds. The US Treasury Secretary has challenged the market to bet against him as Treasury yields spike — but financial markets are still chugging along, unable to decide who is bluffing

Ares-inspired Promote Giving gains new backers
Joel Holsinger’s mission to transform the way Wall Street gives back is gaining traction — and Promote Giving has signed on new signatories willing to pledge a portion of their performance fees to charity

New structured credit products challenge regulatory norms
Apollo’s USD 25bn AMAPS programme has put multi-collateral structured credit in the spotlight, but the NAIC’s proposed rules could reshape insurer demand, capital treatment and market growth

In times of uncertainty and flux, clarity and surefootedness from policymakers are essential
Market interventions could thwart already-fragile bull run, but fiscal restraint is a no-go with voters, writes John West

Credit funds at a glance – September 2026
Our roundup of top performers, fundraising and moves in credit

Silver Point taps former Golub head of structured products for new role
Alan George joins Silver Point Capital in the newly-created position of head of credit finance and leverage solutions

KKR adds global credit and markets MDs in Europe
The alternative asset management giant has hired BofA’s former head of EMEA corporate debt capital markets, alongside a managing director in JPMorgan’s M&A group

Crescent CEO says US Treasuries are spiking due to rising risk of persistent inflation
PODCAST: Markets are recognising the risks around longer-term inflation, and paying greater attention to the ballooning deficits of governments around the world, says Chris Wright, CEO and president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee

Franklin Templeton closes inaugural CFO at USD 1.5bn
The final close marks the establishment of a new capital formation channel for Franklin Templeton’s private markets platform

Neuberger’s CIO says to focus on real interest rates
PODCAST: The rise in real yields because of government deficit spending, alongside ongoing huge demands for AI investment, are underpinning the rise in interest rates, says Ashok Bhatia, chief investment officer at Neuberger, on the latest episode of Credit Exchange with Lisa Lee

Carlyle enters fundraising ‘super cycle’, racking up USD 30bn in inflows for 1H
The alternative asset manager also expects to be back in market with its flagship credit opportunities fund

Walkers further bolsters capital markets team with new partner hire
EXCLUSIVE: Law firm Walkers has added a new partner to its Dublin-based finance and capital markets team, as well as hiring two new associates and making two internal promotions