Investors opt for debt as alternative to secondary sales to generate liquidity
Investors are increasingly seeking financing as an alternative to selling their fund stakes on the secondaries market

LP secondaries sales can create risk to subscription lines – Fitch
However, a diversified limited partner base and lower advance rates for more concentrated funds can help mitigate losses, a report says

Apollo, OMERS Ventures and banks back Octaura as fintech firm plans CLO trading launch
The fintech firm has raised USD 46.5m in an oversubscribed funding round

Defined benefit plans shift focus to private credit, secondaries - NEPC
Some corporate defined benefit plans are shifting their private market allocation to favor shorter-duration strategies as part of a de-risking plan

US CLO market strengthening on Trump easing trading tensions
EXCLUSIVE: Leveraged loan prices also up, makes following AGL’s print-and-sprint CLO more difficult

Generali Investments, Partners team up on private credit secondaries fund
Generali Investments’ debut private credit secondaries fund will invest globally and is available to professional investors

Blackstone, BlackRock among managers attempting “print-and-sprint” CLO deals
EXCLUSIVE: Around five CLO managers are attempting to issue deals that take advantage of market dislocation

Golub launches direct lending continuation vehicle
GP-led secondaries deals involve a manager rolling existing investments into a new vehicle rather than returning capital to investors as originally planned

CLO market stabilises after Trump’s tariff reversal
ANALYSIS:Investor sentiment has moderated after the US president backed down on tariffs, but the full effects will take a few days to emerge

Janus Henderson CLO ETF sees USD 1bn outflow since tariff-induced volatility
The fund saw a drop of over USD 585m on Monday, the largest single-day withdrawal ever, as markets are roiled by tariff uncertainty  

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

US CLO market on pause as traders seek bottom
Market participants stare at screen trying to understand the volatility and new paradigm

Partners Group launches dedicated private credit secondaries effort
EXCLUSIVE: The firm already has experience in private equity secondaries, infrastructure secondaries and real estate secondaries

US CLO and leveraged loan market roiled by dramatic Trump tariffs
ANALYSIS: Leveraged loans and CLO fell lower in the aftermath's of President Donald Trump's new tariffs 

Private credit firms begin creating desks for push into secondary trading
A number of private credit firms are looking to push into secondary loan trading, a signal that the USD 1.7 trillion asset class is perhaps beginning to mature and resemble other fixed income markets.

Jefferies ramps up private credit trading
Jefferies is building out its trading of private credit loans, joining a rush of banks and managers developing a new secondary market for the product

Octaura launches new protocol for CLO liquidations
Electronic loan trading platform Octaura has released a new set of processes to streamline loan BWICs and OWICs

Apollo eyes IG private debt trading
Apollo Global Management is looking to create a trading desk for investment grade private debt

Antares plans unit buying private credit loans from other lenders
Antares eyes buidling out a private credit secondary business to buy loans from other lenders

Octaura preps for tranche trading launch after success of loan platform
Octaura, the electronic trading platform that has been shaking up the leveraged loan market, is advancing its plans to launch CLO tranche trading this year

KopenTech adds all-to-all electronic trading for CLOs
KopenTech has launched a new all-to-all trading protocol for CLO securities and successfully completed its first two trades, a trading model where all market participants, whether on the sell-side or the buy-side, can anonymously trade with each other

Secondary CLO prices continued to rise across June
US BWIC secondary prices continued to rise in June, according to a report by KopenTech. 

Leveraged loan market shrinks as CLO trading grows
A lack of primary issuance has caused the leveraged loan market to shrink this year for the first time since the aftermath of the global financial crisis, according to market sources.

Large CLO investor sells three post-reinvestment anchor equity positions
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since

Primary US CLO triple As 40bp cheaper after secondary rally, says Barclays
A rally in the secondary market for CLO triple A paper last week has meant that primary spreads are cheaper on a relative value basis by around 40 basis points