Post-COVID, companies are adroit at managing supply-chain disruptions
With plenty of capital seeking a home and high grade credits well positioned, IG spreads will stay tight, reckons Duncan Sankey

Success in a larger market requires increased discipline and innovation
As the US CLO market grows, lower quality loans and increased volatility create new challenges, writes Tetragon's Dagmara Michalczuk

Fund performance – July 2025
CLO funds dominate in early summer with clean sweep of top 10

Credit funds at a glance – July 2025
Our roundup of top performers, fundraising and moves in credit

Credit hedge funds – July 2025
Credit hedge fund performance

CLOs at a glance – August 2025
Our list of recent CLO pricings globally

European BSL defaults may tick up slightly – AlbaCore
The firm is currently looking to get more exposure to some CLO equity, double Bs and single Bs, as spreads across all parts of credit have tightened since this past spring, portfolio manager Seán Golden told Creditflux

Stubborn US CLO liability prices begin to tighten as deal supply eases
US CLO spreads have tightened markedly as a result of lessening supply, market sources told Creditflux, with triple As in particular finally showing a belated response to the broader tightening across financial markets

‘Battle-tested’ US CLO ETFs resume rapid growth
ETFs have become one of the most important investors in the CLO space. After a rocky period earlier in the year, when CLO ETFs experienced real outflows for the first time ever, they may now be stronger than before, and extending their reach to Europe

‘Liabilities have not moved as fast. They are halfway there’
Investor's Corner with Ujjaval Desai, head of structured products investing at Sound Point Meridian Capital

News in brief
Investors are complacent despite rising recession risk, says Eagan

Six months of records and turmoil at the top
The first half of 2025 saw convulsions in the US economy and Golub setting a record with a huge reset. Meanwhile, Blackstone slipped to third in overall issuance, despite winning out in US BSL

Disappearing Dealers: How The Pullback in SP Trading Balance Sheet Has Rewired Market Structure
Over the past 10 years, CLO issuance has multiplied, while dealer holdings fell. In the first of a three-part guest essay, Daniel Ezra looks at the causes of this change — and how it affects the market

Churchill’s survey of private equity firms suggests M&A is returning to normal levels
Senior PE executives are confident in both deal activity and returns

Fund performance – June 2025
Emerging markets lead as CLOs and credit multi- strategy returns dip

Credit funds at a glance – June 2025
Our roundup of top performers, fundraising and moves in credit

Credit hedge funds – June 2025
Credit hedge fund performance

CLOs at a glance – July 2025
Our list of recent CLO pricings globally

We are seeing a slowdown in sales and earnings growth – Carlyle’s Lauren Basmadjian
The roll out of tariffs and economic uncertainty that kicked off earlier this year is starting to take a toll on portfolio companies, and Carlyle’s head of liquid credit is taking a more conservative stance as spreads remain remarkably tight

Europe sees huge surge in July issuance as US consolidates
ANALYSIS: It was all about Europe in July, as a massive sweep of resets powered the European market to one of its strongest months ever

Global CLO law firm rankings - Q2 2025
Our global rankings for CLO law firms for the first half of 2025

Apollo looks elsewhere, saying CLOs suffer from commoditization
The alternative asset manager said CLOs have tightened to levels that are unsustainable

August issuance set to fall short of last year as arb worsens
Both US and European CLO markets are expected to take a breather in August given lessening impetus to rush deals and the arb worsening

Private debt market fundraising shows shift to Europe – Goldman Sachs
Private credit market fundraising has been pivoting to Europe, while global defaults remain below historical averages, according to new research from Goldman Sachs

CLO manager rankings by AUM – Q2 2025
After a flurry of issuance, AGL is the big mover in the latest Creditflux CLO manager rankings by AUM