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

‘Walk, don’t run’ to take advantage of software disruption, says KKR
Eddie O’Neill and Jeremiah Lane, co-heads of global leveraged credit at KKR, give their view on the headwinds and opportunities in CLOs

News in brief
Top stories on creditflux.com: from First Trust’s CLO start to Apollo’s next generation

Welcoming in new CLO equity investors
New investors are committing capital to captive equity funds because they see value beyond pure IRR. But the old guard aren’t happy because projected returns for CLO equity have fallen

CLO equity players may be better off remaining flexible across channels
Investors needn’t commit to either Paris or London

Fund performance – June 2026
Emerging markets hit top spot and CLO funds rebound after blip

CLOs at a glance – June 2026
Our list of recent CLO pricings globally

Franklin Templeton launches investment-grade CLO ETF
Franklin BSP CLO ETF (YCLO) invests predominantly in IG CLO debt tranches across US and European markets

Hayfin explores sale of US CLO business
EXCLUSIVE: Hayfin commits to US private credit and fundraising, as it's shifting away from US CLOs

CLO managers push for index-linked discount obligation thresholds
European and US CLO managers are changing their discount obligation language, according to a new report by Dealscribe 

Golub shakes up leadership with co-CEOs, co-Presidents appointments
The alternative credit manager will have three co-presidents after promoting Spyro Alexopoulos and hiring two new executives

Mapping the future together
Credit market players are getting on with business, looking through the conflict in the Persian Gulf, and dealing with the resultant rise in inflation, all while hurriedly adapting to AI, which many are labelling the greatest transformative technology in our lifetimes

‘The CLO equity entry point does look more attractive’
Investor's Corner with Shiloh Bates, portfolio manager at RBC Global Asset Management

Orrick wins out in legal reshuffle
Comparing our law firm rankings for the first quarter of 2026 with those from 2024 gives a clear picture of the damage done by staff departures. Meanwhile, Paul Hastings and Milbank stayed top

Comfortable with being uncomfortable
Despite macro concerns, CLO warehouses remain open. Deals may be delayed, but attendees at the Creditflux CLO Symposium were confident CLO issuance this year will match that of 2025

GoldenTree takes third gold in a row
This year, the firm faced stiff competition from finalists Bain, Blackstone, Fidelity and Voya, but GoldenTree was once again named Global Manager of the Year at the Creditflux awards in London

CLOs labelled ‘best’ asset class since 2000
Despite LME trouble and the constrained supply of loans, CLO performance has been so strong this millennium that 30 new managers are rumoured to want to join the fray in Europe alone

Fitch is acknowledging what loan investors have learned the hard way
By updating its CLO rating framework, Fitch may force managers to reprice documentation risk

Fund performance – May 2026
Volatility hurts as most funds record negative returns

CLOs at a glance – May 2026
Our list of recent CLO pricings globally

Apollo introduces new type of ‘next-generation’ CLO
The new product, unveiled by firm CEO Marc Rowan on Apollo’s first-quarter earnings call, looks to take the benefits of existing BSL CLOs and pair them with improved performance for investors

BlueBay to launch CLO equity interval fund
EXCLUSIVE: BlueBay Asset Management will soon launch its first CLO equity-focused interval fund, according to a source familiar

Credit issuance pipeline continues to build despite temporary pause—KBRA
Issuance will be ready to resume once the market stabilises, according to Gordon Kerr, European macro strategist at KBRA

Guggenheim’s Zable warns on rapid pace of AI disruption
EXCLUSIVE: Most managers are not prepared for the pace of change in the software loan space, Guggenheim CLO chief Rob Zable said at the Creditflux CLO Symposium