Bond realities and credit crowding
Global sovereign bond yields are going haywire. US Treasury Secretary Scott Bessent is furiously trying to bring down borrowing costs, and, as we go to press, the Treasury Department said it would increase its extraordinary bond buying up to USD 6bn

News in brief
Top stories on creditflux.com: possible Palmer Square sale and Serone hires

CLO ETFs achieve milestone moment
CLO ETFs are surging past USD 50bn, opening the asset class to a much broader investor base and accelerating growth in Europe, but changing market conditions could test performance

Credit hedge funds – September 2026
Credit hedge fund performance

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

In case you missed it: Palmer Square explores possible sale of its business
Creditflux reported on 14 August that Palmer Square is holding conversations and is looking at both organic and inorganic growth options

CVC hires TPG's Sisitsky as future co-CEO as Rob Lucas plans to step back
CVC’s CEO Rob Lucas will step back from his role, to be replaced with former TPG president Todd Sisitsky and current CVC President Peter Rutland as co-CEOs, according to a company announcement

Victory Capital to acquire CLO manager First Eagle Investments
First Eagle will retain its branding and operate on Victory Capital’s platform following the USD 7bn acquisition

Hayfin in active talks with buyers for its US CLO unit
EXCLUSIVE: The London-headquartered credit platform is mulling selling the US arm in entirety or just the CLO assets, according to a source

CLO managers invest in distressed experts in expectation of higher LME environment
EXCLUSIVE: Carlyle and BlackRock are among the CLO managers who have invested in distressed and special credits teams ahead of an expected rise in defaults and LME activity 

Orrick adds another partner to its CLO practice in New York
Former DLA Piper special counsel Steve Lozner has joined Orrick’s structured finance team as a partner in New York with a focus on CLOs 

More amend-and-extend transactions to come into the market in H2 — Carlyle
EXCLUSIVE: Amend-and-extend transactions are expected to increase over the coming months, as managers get ahead of the 2028 maturity wall

CLO investors see improvement in collateral quality metrics
EXCLUSIVE: CLO collateral quality metrics are improving, according to three investors in the space

Palmer Square explores possible sale of its business
The firm is currently holding conversations and is looking at both organic and inorganic growth options, a source familiar has told Creditflux

More manager dispersion expected for second half of 2026
Multiple market sources have predicted that manager dispersion will characterise the second half of 2026, amid ongoing volatility

Hogan Lovells Cadwalader adds another partner to CLO team
Hogan Lovells Cadwalader has added former Mayer Brown partner Joanna Suna as a partner in its structured finance team, as the firm continues to build out its CLO practice

Up and at ’em, even in August
What August slowdown? Even as the summer sun beats down, credit market participants have been busy dealing with a pickup in volatility. The main culprit? Artificial intelligence. Questions are flaring about its near-term profitability amid a mind-boggling capex arms race. So this month, we feature a dive into data centre financing, where credit spreads are widening but issuers are still borrowing

Innovation and uncertainty lead to widening dispersion
The global CLO market is adapting to the uncertainty of the macro environment by leaning into innovation — a tougher arb environment has led some CLO equity investors to turn towards tranche investing, while a growing cohort of managers have been raising funds for captive CLO equity funds

Robust 1H shows resilience of CLOs
Europe has just posted its best half-year of CLO issuance, while a record wave of repricings in the US helped boost overall issuance in 1H 2026 to around the highest levels ever recorded

Fund performance – August 2026
Most categories average flat returns in middling June

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

CLO equity funds to become dominant source of funding as trio of new funds prepares to hit the market
EXCLUSIVE: At least three funds investing in CLO equity will soon come to market, as the vehicles become the dominant source of funding for new CLOs, according to industry sources

Investor demand strongest for European PC CLOs – Golub
EXCLUSIVE: Investor demand is stronger for European private credit CLOs than any other segment of the CLO market, according to Golub Capital’s Landis Wood

Michael Curtis leaves Fidelity as firm begins search for new co-PM
EXCLUSIVE: Michael Curtis will leave his role as head of alternative credit at Fidelity Investments on 31 July, according to a source familiar

M&G establishes joint venture with Ontario Teachers’ Pension Plan to back further CLO issuance
M&G Investments has established a joint venture with global institutional investor Ontario Teachers’ Pension Plan to support the scaling of a multi-billion-Euro CLO platform