Dispersion is creating value in credit despite tight spreads – PIMCO
PODCAST: While index spreads remain tight, dispersion is quite elevated, which rewards those who do the credit work, says Lotfi Karoui, multi-asset credit strategist at fixed-income behemoth PIMCO, on the latest episode of Credit Exchange with Lisa Lee

MHR transfers Lionsgate, Telesat holdings to 'unusual' continuation vehicle
ANALYSIS: Transaction resets investment clock, allowing MHR to retain assets longer; experts say using CVs for public stocks is rare, but offers exit flexibility

SCOTUS decision shreds the independent agency model in place since 1935
Decisions by the US Supreme Court on tariffs and federal agencies will further boost corporate valuations, writes Duncan Sankey

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

Co-head of Permira Credit says to brace for more complex, late-cycle environment
PODCAST: While the market is clearly late in the credit cycle, it is not yet obviously at the turning point, Ariadna Stefanescu, co-head of Permira Credit tells Lisa Lee on on the latest episode of Credit Exchange

Hogan Lovells Cadwalader launches with eight CLO partners
EXCLUSIVE: The newly merged law firm now has the largest structured finance legal team in the world, with 40-45 partners globally in leveraged finance and fund finance

AI outlook one of several key macro calls for investors – BlackRock midyear forecast
‘Scarcity versus abundance’ forms the key theme for the BlackRock Investment Institute midyear global outlook, which was published on Tuesday following the institute’s two-day forum earlier in June

Nearwater hires Morgan Stanley’s key CLO leader
The speciality finance firm has nabbed a senior US investment banker to drive its risk retention and structured credit capital solutions

Dividend recaps stall as lenders pull back, sponsors eye alternatives
Dividend recap volume has fallen amid deep uncertainty even as GPs seek more DPI; lenders have retreated over market conditions and a dearth of quality transactions, while rising continuation vehicle usage has reduced the number of dividend recap candidates

Carlyle’s deputy CIO of credit says inflationary cost pressures starting to emerge
PODCAST: Inflationary impacts are beginning to emerge and are hard to ignore, although they remain manageable for now, according to Carlyle's deputy CIO of global credit Alex Chi on the latest episode of Credit Exchange

CalPERS appoints leaders for total portfolio approach investing, private markets
The US pension giant has hired a CPP Investments alum to lead the transition to a new portfolio investment strategy

Rate market dispersion and divergence is the theme for this year: El-Erian
Speaking at this year’s Global ABS conference, Allianz’s chief economic adviser and the former CEO of PIMCO Mohamed El-Erian said the most important issue currently facing the market is the sources and uses of funds

Don’t just sit there waiting
Credit markets are evolving and innovating. Not only are they dealing with transformative artificial intelligence technology, they are coming out with new products, investing in new ways and dealing with a changing regulatory backdrop

Connecting women in credit
This year’s Creditflux Women in CLOs networking event was held in midtown New York. It was attended by more than 100 structured credit investors, managers, arrangers and lawyers

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

Barings reorganises leadership team, taps new president
Barings President Eric Lloyd is transitioning to the role of vice chairman

BCA’s chief geo-macro strategist says Iran war could result in surprisingly aggressive rate hiking cycle
PODCAST: Speaking with Lisa Lee on the latest episode of the Credit Exchange podcast, macro and geopolitical expert Marko Papic says there are a number of inflationary elements coming together that could lead to more aggressive action than previously expected by the Fed and other central banks

Leveraged Finance Fights Melanoma gears up for annual charity gala at NYC’s MoMA
The 16th annual LFFM gala will take place on 10 June at New York City’s Museum of Modern Art

Credit dispersion increases as software loans pull away from the pack – KKR
Software loan bids fell to 87.97% during the first quarter, the lowest in four years, while the rest of the leveraged loan market held up

Oaktree’s deputy CIO of strategic credit says we’re in the early innings of private credit dislocation
Oaktree has been very opportunistic about deployment in cycles or dislocations, which the market may be in the early stages of, says Milwood Hobbs, Jr., deputy chief investment officer of the firm’s strategic credit platform, on the latest episode of the Credit Exchange podcast with Lisa Lee

Seward & Kissel hires structured credit head as CLOs, private funds converge
Taha Khan joins from Milbank to build out a structured credit practice that will advise on CLOs as well as complex fund finance solutions like CFOs and rated note feeders

AI is reshaping capital markets, say Milken confab attendees
Artificial intelligence will be the most transformative technology of our lifetime, reshaping everything, including capital markets. This was the dominant prediction at the annual Milken Global Conference 2026

Eldridge revamps for future growth
Todd Boehly and Tony Minella’s freshly restructured Eldridge is focusing on diversified credit and attracting third-party capital under the leadership of Minella and old colleague Jeff Forlizzi

This is not the time to run to the feeding trough simply because the bell has rung
Buying the dip has been successful recently — but that doesn’t mean we should do it again

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