Fortress Credit prints its second new middle-market CLO of 2024
The senior triple-As priced at 159bps in Fortress' second private credit CLO, a full 61bps tighter than the manager's previous deal back in January 

US MM CLO Rankings - October 2024
Golub continues to dominate our latest manager rankings for the US MM CLO market, with SocGen standing out among the arrangers

Cerberus prints short-dated MM CLO that matches BSL spread levels
The triple-As for the 1Y/2Y private credit CLO priced at 135bps, on top of current levels for longer dated 2Y/5Y BSL CLOs

Blackstone prices ultra-tight private credit CLO
Blackstone has followed fellow US behemoth KKR in rethinking its approach to private credit CLOs, with the first such deal under the Blackstone Secured Lending Fund (BXSL) shelf

Antares sets new AAA tight for a middle-market CLO (again)
Antares beat its own triple-A benchmark when it priced Antares CLO 2024-6 with a senior spread of SOFR plus 156bps

Ares sets new tight for new issue middle-market CLOs
A simple structure with two debt tranches included triple-As that priced at SOFR plus 154bps, the tightest level yet for a middle market CLO 

Golub resets billion-dollar middle-market CLO from 2019
The reset of Golub's monster deal from 2019 includes a fresh equity injection that takes the total deal size to USD 1.07bn

First Eagle resets middle-market CLO
A reset of Lake Shore MM CLO IV, a 2021 vintage middle-market CLO, saw the triple As split into note and loan tranches, which both priced at 170bps

Wendel announces purchase of majority stake in Monroe Capital
French investment firm Wendel announced on Tuesday it has agreed to acquire 75% of US private credit firm and CLO manager Monroe Capital for USD 1.13bn, as part of its planned expansion into third-party asset management.

The middle market goes mainstream
Middle market CLOs were a niche product. Now we call them private credit CLOs — and they are growing faster than BSL CLOs

Antares sets new triple-A tight with mid-market print
The relentless tightening of MM CLO spreads has continued with Antares pricing  a new MM CLO with triple-As paying SOFR plus 157bps

US MM CLO Rankings - September 2024
Golub continues to pull away from the pack in our latest manager and arranger rankings for the US MM CLO market

Mizuho takes minority stake in Golub, strikes distribution agreement
Mizuho Financial Group has acquired a passive, minority stake in Golub Capital’s management companies as part of a strategic partnership

Middle market CLO spreads continue to tighten as Cerberus prices
The latest new middle market CLO from Cerberus priced with some of the tightest levels seen this year

MidCap resets brings in middle market CLO senior spreads 110bps
Apollo affiliate MidCap Financial's reset of a static middle market CLO from 2023 led to an eye-catching reduction in the triple-A spreads   

A new manager debuts as Willow Tree prices middle-market CLO
The CLO world welcomed a new manager on Tuesday when Willow Tree Credit Partners printed its debut CLO: a middle-market deal arranged by GreensLedge

KBRA hires Scott Duggal as it raids buy-side, sell-side, and journalism
Ratings agency KBRA has turned to the buy-side, sell-side, and journalism for a raft of senior hires in Europe

Clearlake Capital agrees to buy MV Credit
Clearlake Capital has agreed to purchase European credit manager MV Credit Partners from Natixis Investment Managers

Ares lowers 2024 tights with new middle market CLO
Ares continued its busy year with its 22nd transaction – a new middle market CLO that set a new triple-A tight for 2024

Barings prices reset of 2023 middle market CLO
Barings has reset a 2023-vintage static CLO into a reinvesting deal, bringing in the triple-As 77bps at the same time

Credit funds at a glance
Top performers, recent hires and recent fundraising

US MM CLO Rankings - July 2024
Our latest rankings for the US MM CLO market, including arranger and manager league tables

ABPCI reduces equity size in reset of 2017 middle market CLO
AB Private Credit Investors on Friday printed a reset of ABPCI Direct Lending Fund CLO II, the second reset of the 2017 vintage deal

Deerpath resets debut MM CLO for the second time
Deerpath Capital Management has priced a reset of US middle-market deal Deerpath Capital CLO 2018-1, the first-ever CLO from the manager

Hayfin agrees to Arctos-backed management buyout
The management team at Hayfin Capital Management is taking over the company in a management buyout backed by Arctos Partners