Apollo facilitates trading of rated notes as secondary market emerges
EXCLUSIVE: Rated notes, which have become a popular tool to raise capital for private funds and give investors indirect exposure to risky private market assets, are starting to trade hands

MHR transfers Lionsgate, Telesat holdings to 'unusual' continuation vehicle
ANALYSIS: Transaction resets investment clock, allowing MHR to retain assets longer; experts say using CVs for public stocks is rare, but offers exit flexibility

CLO secondary dynamics – July 2026
Trading activity cools while credit fundamentals remain constructive

Houlihan hires HarbourVest MD in GP-led secondaries push 
Dan Buffery joins the investment bank to help lead the firm’s North American GP-led secondaries advisory business

Coller and Cherry Bank to raise capital for private credit secondaries from Italian wealth market
Coller Capital has announced a distribution partnership with Cherry Bank to better sell its private credit secondaries investment product to affluent individuals in Italy

Direct lenders trade USD 5bn Dun & Bradstreet private credit loan at 95 cents on dollar
EXCLUSIVE: The giant USD 5bn unitranche, which brought together more than 20 direct lenders to back Clearlake’s acquisition of Dun & Bradstreet last year, is now being shown to private credit managers at a discount

Trading private credit: a market evolution or a risky mutation?
It is a process years in the making, but little by little private credit is developing a secondary market in which loan assets can be traded between investors

CLO secondary dynamics – June 2026
Risk appetite softens after April surge while trading efficiency remains high

Hamilton Lane sold USD 330m private credit portfolio to Abry, Coller
EXCLUSIVE: Abry Private Debt partnered with Coller Capital to acquire the senior direct lending portfolio from Hamilton Lane’s evergreen fund

StepStone, Hamilton Lane reject criticism of secondaries valuation methods
Day one markups of secondaries seen as unsuitable for evergreens; managers claim returns driven by asset appreciation, not markups

Goldman Sachs is selling USD1bn of private credit loans bought from Apollo
EXCLUSIVE: The banking division has been in the process of selling a portfolio of loans acquired from Apollo

CLO secondary dynamics – May 2026
Calm April likely to be followed by constructive markets in late spring

Abry Private Debt acquires USD 330m private credit portfolio
Abry partnered with Coller Capital on the credit secondaries transaction

CLO manager Sycamore steps into credit secondaries with new hire
The firm tapped a former managing director at Banner Ridge Partners to lead the new credit secondaries platform.

Direct lending secondaries are no longer worth paying par – Corbin Capital
EXCLUSIVE: The alternatives firm says it is unwilling to pay 95 cents on the dollar for any private credit secondaries deals right now as the market reprices

CLO secondary dynamics – April 2026
US CLO market softens as spreads widen and trading conditions moderate

Entegra to launch CLO pricing benchmark for Europe
EXCLUSIVE: The firm also introduced visibility reports for European CLO managers today to guide managers in pricing new issue CLOs, founder Daniel Ezra said

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

CLO secondary dynamics – March 2026
CLO activity stabilises in February as trading and dealer flows level off

Blue Owl saw strong demand for USD 1.4bn of direct loans sold to investors
Blue Owl expanded the number of BDCs that sold private credit positions, including internet and software loans, to North American institutional investors at 99.7% of par value 

Software sell-off weighs on growing share of European single-B CLO tranches
Around 7%-8% of single-B tranches no longer covered on MVOC basis; manager tiering re-emerges

Group.ONE TLB and Cision loan fall on continued AI selloff
Market Comment: Software leveraged loans are under pressure on continued AI fears

Coller backs continuation vehicle for Ares direct lending
Ares closed a GP-led secondaries transaction for its 2018-vintage US direct lending fund

CLO secondary dynamics – January 2026
January trading activity suggested a market that is stabilising rather than accelerating, with consistent liquidity, tighter spreads, and improving sentiment across the capital structure

Pantheon backs Eurazeo in EUR 480m private debt secondaries deal
Eurazeo announced it has closed a continuation vehicle, allowing some LPs to liquidate their shares early