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

Oaktree partners with Pantheon to launch standalone European direct lending strategy
The partnership will have the capacity to grow to EUR 1bn of investable capital and is being seeded by an existing portfolio of European direct lending assets

Oaktree prices US and European CLOs in single day

Oaktree priced two CLOs to close out last week – a new European issue titled Arbour CLO XVI via Citi, and a reset of a 2024-vintage US BSL transaction through SMBC Nikko

AI’s potential may be underestimated despite investing concerns – Howard Marks
AI’s potential is likely underestimated, but worries about job losses and an AI investment bubble persist, said Oaktree co-founder Howard Marks in a new memo

Oaktree expands UCITS offerings for EMEA, APAC, and LATAM investors
The Oaktree Global Credit Select Fund is intended to address demand across the regions for regulated, daily-liquidity investment offerings

Former Permira and ICG execs join Oaktree’s expanding European private debt team
Permira’s ex-CEO James Greenwood has been named senior advisor, while former ICG managing director Kieran Thind is now senior vice president in Oaktree's European private debt team

Oaktree Capital’s Robert O’Leary on threats, opportunities in global credit
Credit secondaries set for continued growth as financial sponsors seek liquidity solutions; high-yield bonds seen as defensible, while opportunistic strategies may benefit from distress

Trinitas and Oaktree price European resets with AAAs at 130
Trinitas reset a 2024-vintage deal, while Oaktree repriced a nine-year-old transaction that was last reset in 2021 at historic tights

Brookfield to buy remaining Oaktree stake, becoming full owner
The USD 3bn transaction will give Brookfield full ownership of the top-40-ranked CLO manager

Oaktree raises EUR 200m to fund its European CLOs
The sophomore fund has already begun deploying capital, the company said

New Euro AAAs breach 130 as Oaktree prices latest deal
The transaction hit fresh new-issue market tights for the triple As, double As, double Bs and single Bs

17Capital raises USD 5.5bn for NAV lending to private funds
The alternative credit firm claims its 17Capital Strategic Lending Fund 6 is the largest NAV lending fund seen in the market to date

Investors still pivoting to fixed income – Oaktree’s Wayne Dahl
Both large individual and institutional investors are continuing to rotate their portfolios into fixed income, says the co-portfolio manager of global credit and global credit investment grade strategies at Oaktree Capital Management, on the latest edition of the ‘Credit Exchange’ podcast with Lisa Lee

Euro Oaktree reset prices slightly wide of guidance
The transaction – the manager’s third European print of 2025 – tightened spreads on its triple A paper by 35bps

Oaktree markets two-year-old Euro reset
The reworking of Arbour CLO XII is expected to price next week via Goldman Sachs

Oaktree prices tight as it gets off the mark in Europe for 2025
The deal comes amongst a suite of deals that indicates European CLO spreads are currently in the midst of a rapid tightening movement    

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

The Last Tranche with Oaktree's Jones: why CLO equity is attractive again
In this episode of the Last Tranche, Oaktree's Madelaine Jones discusses why investors are finding CLO equity more attractive

A touch of déjà vu as Oaktree resets second 2019 Euro CLO
Oaktree has priced a European CLO deal that mirrors a preceding reset print from September 

Oaktree raises EUR 84m to invest in European CLOs
Alternative asset manager Oaktree has raised EUR 84m for its second fund that will invest in European CLOs

Connecticut pension allocates USD 300m to Oaktree’s distressed credit fundraising
Connecticut pension system commits to Oaktree latest flagship distressed credit fund

Lloyds Bank joins forces with Oaktree for European direct lending platform
Lloyds Bank and Oaktree Capital Management have formed a new multi-year European direct lending facility

Oaktree pushes European CLO triple-As down to a neat 130
Spreads on new-issue European triple-As hit a new low of 130bps over Euribor on Friday, when Oaktree priced its latest CLO

Oaktree keeps it short-dated for European 2022 vintage reset
Oaktree’s third deal of 2024 – the manager’s first European offering since September last year – priced on Thursday as an unusual short-dated reset

Oaktree prints first European CLO this year
JP Morgan has priced Oaktree Capital Management's first European CLO this year