Ares issues billion-dollar direct lending CLO, matches AAA tight
The senior triple As priced at SOFR plus 140 bps, seven bps inside the average triple A spread for mid-market deals throughout October

CLO manager rankings by AUM – Q3 2025
Blackstone, Carlyle and Apollo continue to lead the way in Creditflux's latest quarterly CLO manager rankings by global AUM, while BlackRock's acquisition of HPS has catapaulted it into the ranks of the top five managers globally

New CIFC US CLO matches market tight at 120
CIBC was the sole arranger for CIFC CLO 2025-7, which was valued at USD 507.5m

Longer CLO reinvestment periods could become more popular – S&P
EXCLUSIVE: Reinvestment periods of 10 years or more could become more popular as investors seek out predictable cash flows, S&P's Sandeep Chana told Creditflux

US life insurers increase commitments to CLOs and private credit – Fitch

Alt IM-backed life insurers in the US are increasing their allocations to CLOs and private credit in the search for higher yield

Second new BSL prints of the year from PineBridge, TPG Angelo Gordon
Both managers issued their second new BSL CLOs for 2025 on Monday

Partners reworks two-year-old Euro CLO
The deal tightened its triple-A spreads by 42bps and lowered the overall cost of debt by over 53bps

Golub matches mid-market spread tights with reset of 2023 deal
The manager reworked Golub Capital Partners CLO 69(M)-R in a USD 922.5m issue, matching the spreads seen in its most recent new-issue mid-market CLO

Rob Zable returns to CLOs with global role at Guggenheim
EXCLUSIVE: Blackstone’s former global head of liquid credit strategies will now lead the New York-based firm’s CLO and liquid loan effort

Crescent announces CLO ETF with Advisors Asset Management
The two claim that the new AAM CLO ETF is the lowest cost CLO ETF in the industry, charging a net expense ratio of 0.18%

Millennium Management explores buying a CLO manager
EXCLUSIVE: the global investment firm, with a multi-strategy hedge fund, is looking to enter the CLO business

Audax slashes cost of debt with two-year-old reset
The reworking of Audax Senior Debt CLO 8 saw the top-of-stack paper tighten in by 95bps, while the overall cost of funding was reduced by over 132bps

Further lawyer moves predicted as competition for legal CLO talent intensifies

EXCLUSIVE: Shortage of talent amongst legal CLO specialists has fuelled speculation of more moves unless law firms prioritise staff retention

Sculptor and Barings price new US BSL CLOs
The managers priced similarly-structured new US BSL CLOs on Thursday via BNP Paribas and JPMorgan respectively

CLO caution dampens the buzz at ABS East
As attendees filled the Fontainebleau Miami Beach resort hotel, CLO optimism was tempered

LCM and Fidelity price US resets via Wells Fargo
Fidelity’s Ballyrock CLO 17, and LCM 38 both priced as standard-duration BSL resets on Wednesday, with each including an equity injection

New Reckoner CLO ETF targets BBB- and BB- tranches
The Reckoner BBB-B CLO ETF debuts just three months after the asset manager launched the market’s first leveraged triple A CLO ETF 

Steve Cohen’s Point72 looking to enter the CLO business
EXCLUSIVE: The alternative investment firm is eyeing the CLO space, as the market experiences a boom in issuance and newcomers

AI-focused CLO manager tested by First Brands collapse
EXCLUSIVE: With the help of its technical platform that utilises artificial intelligence, the new manager was able to trade out of its exposure

Allstate matches market tight with latest US print
Allstate has priced tight with its latest new US CLO, with the half-billion-dollar deal issuing its senior triple A paper at the market low of SOFR plus 120bps

Dan Loeb’s Third Point mulls becoming a private credit CLO issuer
EXCLUSIVE: The firm, which already has direct lending and BSL CLO capabilities, could start doing private credit CLOs as soon as next year, according to a source familiar

Macquarie prices second CLO
Market Street II priced as a USD 410.4m deal via Jefferies, following the manager's debut print in May

Monthly defaults driven by bankruptcies for first time in two years – S&P Global
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report

Invesco prices half-billion-dollar new US issue
The senior triple As priced at SOFR plus 122bps, around two bps inside the average spread for US BSL new issues over the past two weeks

US Trustee seeks examiner in First Brands bankruptcy, citing USD 2.3bn of missing funds and ‘malfeasance’
The US Trustee has called First Brands' internal investigation insufficient due to the scope of the allegations, while factoring provider Raistone is also seeking an examiner, citing the need for an impartial investigation