Spreads widen and issuances pause as CLO managers react to market volatility
EXCLUSIVE: Triple-A tranches are widening by up to 10bps amid a slowdown in CLO reset and issuance activity, according to multiple sources

Macquarie expands CLO ambitions with acquisition of Euro platform Spire
The deal sees Macquarie expanding its CLO management presence across the Atlantic, as competition for a slice of the European market hots up

Optimism and pessimism hand-in-hand
In this issue, we address the credit markets’ shift to a negative tone. But there’s still much optimism. More CLO managers are launching. We spoke to 10 at various stages of starting up a business. Large investors like CalPERS and Singapore’s GIC are taking a flexible approach that may drive capital to private markets

‘We are trying to discern who has a moat and who doesn’t’
Investor's Corner with Laila Kollmorgen, portfolio manager at PineBridge Investments

News in brief
Top stories on creditflux.com: firms are planning launches and issuance despite slump

‘The enthusiasm has been great’
Why are so many new managers launching? Creditflux spoke to 10 who started a CLO business and found that, while it may sometimes be fraught, it’s a rewarding and enjoyable challenge

CLO portfolios are diversified across sectors — but not by business model
Sector analysis isn’t deep enough to discover which companies will be boosted by AI — and which will nosedive

Fund performance – March 2026
Mixed month for CLO funds mars credit’s positive start to 2026

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

CLO Symposium 2026
The Creditflux CLO Symposium will be held at the The Chancery Rosewood, London on 20-21 April 2026

Private credit still deploying despite increasing risks – head of credit at CVC
PODCAST: Andrew Davies, head of credit at CVC Capital Partners, says the present uncertainty offered opportunities to reconsider the pricing of transactions, and the ability to structure those deals more conservatively

Creditflux showcases contributions, achievements and observations of outstanding leaders – Trailblazing Women
EXCLUSIVE: For International Women's Day, Creditflux speaks to Octagon's Lauren Law, PineBridge's Laila Kollmorgen and Ropes & Gray's Shona Ha

New York Life Investment Management and Candriam increase Kartesia stake to 80%
The two firms previously held 33% of the ownership of the private debt company, which is expected to enter the European CLO market soon

Software sell-off leads to improved CLO equity arb – BNPP
BNP Paribas is currently bullish on H2 2024 CLO equity in the US, largely due to its low NAV and low software exposure

Former Ares CLO leader Boris Okuliar joins Corinthia
London-based Okuliar is now Corinthia’s chief strategy officer and head of global diversified credit, signalling the private credit firm’s expansion into public credit

CLO equity payments decline for US and Europe
Reinvesting US BSL CLOs saw median equity payments slip 16bps from the fourth quarter of 2025

A fiery start to the year
Welcome to the first issue of the Creditflux magazine for 2026. Our cover pays homage to the Lunar New Year, which begins on February 17 and is symbolised by the horse

Software loans face further declines as AI fears persist
The rapid deployment of artificial intelligence is wreaking havoc with software companies that not long ago were darlings of the US leveraged loans market

CLO newcomers scramble for senior talent amid intense competition
Competition for seasoned CLO professionals is at its highest level in over half a decade

‘This is a perfect storm for the loan market’
Investing Corner with Michael Sobol, global head of investing at Blackstone

News in brief
Serone Capital Management hires Erika Morris and Wes Seifer, former leaders of Tikehau Capital’s US CLO platform

Debt options proliferate as lenders back data centres
The AI boom has set off a rush to construct USD 7tn of data centres. The ABS and CMBS markets are being tapped, and direct lenders are creating novel solutions to fund developments

All aboard the legal merry-go-round
A series of high-profile movements among CLO law firms have underscored the importance of top-tier counsels. With partners in place, the focus is now shifting to the next generation

Apollo takes crown as 2025’s top issuer
For the first time, the combined issuance of Apollo Global Management’s three CLO brands has secured it top spot in the Creditflux ranking. The firm beat second-placed Blackstone by USD 1bn

How to evaluate CLO managers
Portfolio manager incentives and MVOC volatility are crucial factors for CLO equity investors, says Dagmara Michalczuk