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

King Street defeats Octagon in heated public dispute over CLO fund
More than two-thirds of shareholders in XA Investments' XFLT fund backed the board's recommendation to replace existing sub-adviser Octagon Credit Investors with King Street subsidiary Rockford Tower

XAI CLO fund shareholder meeting pushed back a week as Octagon denounces delay
A special shareholder meeting that was set to determine the future of Octagon Credit Investors as the sub-adviser to a CLO fund managed by XA Investments (XAI) has been deferred for a week, marking the latest bout in a highly public dispute

Octagon criticises ‘coercive’ use of sweeteners offered to CLO fund shareholders
Shareholders in the XFLT fund have been offered access to a series of tender offers if they vote to oust sub-adviser Octagon, a move described by Octagon as “coercive”

Glass Lewis backs board proposal to remove Octagon on disputed CLO fund
The proxy voting services company is recommending shareholders vote with the board of CLO fund XAI Floating Rate & Alternative Income Trust in replacing sub-advisor Octagon with King Street

Egan-Jones Ratings backs Octagon in CLO fund dispute
Independent proxy advisory firm Egan-Jones Ratings has recommended that XFLT shareholders vote against a proposal to replace Octagon as the CLO fund’s sub-adviser

Octagon accuses XFLT's board of misleading shareholders as row with CLO fund deepens
Octagon Credit Investors has accused the board of a CLO fund for which it is acting as a sub-adviser of misleading shareholders, as a highly public dispute between the credit investing firm and the fund's board continues to escalate

Octagon urges shareholders to vote against approval of new sub-advisor for disputed CLO fund
Octagon has further raised the stakes in its clash with XA Investments over its role as sub-adviser on a disputed CLO fund, having last week described various claims from the fund’s board as “increasingly desperate”

Octagon calls for board to be replaced in ongoing battle for CLO fund
Octagon Credit Investors has called for the board of a disputed CLO fund to be replaced, after the asset manager was blamed for the fund’s underperformance, an allegation Octagon rejects

Fund performance – July 2026
Smaller gains in May moderate strong April performance

Credit funds at a glance – July 2026
Our roundup of top performers, fundraising and moves in credit

It’s Octagon vs King Street in public battle for a CLO fund
Octagon Credit Investors has urged investors in its XFLT fund not to accept a proposal that will see King Street subsidiary Rockford Tower replace it as the fund’s sub adviser

Creditflux showcases contributions, achievements and observations of outstanding leaders – Trailblazing Women
EXCLUSIVE: For International Women's Day, Creditflux speaks to Octagon's Lauren Law, PineBridge's Laila Kollmorgen and Ropes & Gray's Shona Ha

Ex-Morgan Stanley head of originations starts as Octagon’s head of private credit
EXCLUSIVE: The new hire will lead the liquid credit shop’s new direct-lending strategy, launched earlier this year

CalPERS hires Dutch pension alum to head private debt
The new hire fills the empty seat left by Jean Hsu, who retired from the position last year

Octagon prints new vanilla US BSL deal
The half-billion-dollar CLO priced its sole tranche of triple As at SOFR plus 130bps

Octagon refinances three-year-old BSL deal
The US manager priced a USD 731.5m partial repricing of its 2022-vintage Octagon 64 CLO

Octagon prices eighth deal of 2025 with reset of two-year-old US CLO
Arranged by RBC, the repricing of Octagon 61 was the manager’s second reset of the year

Octagon more than doubles equity size in 2022-vintage US BSL reset
The USD 708m transaction also upsized the debt tranches by some USD 90m

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

JPMorgan strikes private credit partnership with Octagon
EXCLUSIVE: JPMorgan and Octagon's private credit tie-up comes as both expand into the private credit space

Octagon launches debut direct lending fund seeded by Generali Investments
EXCLUSIVE: Generali Investments has agreed to provide seed capital for Fund I, which will pursue sponsor-backed direct lending deals in the middle and upper middle market    

CVC, Octagon price new US issues with AAAs at current tight
CVC's print established a new low this year for the overall cost of funding on a standard-duration US CLO with AAAs at 113bps  

Octagon cracks 100bps spread barrier with latest US CLO refi
Octagon has priced its second US BSL-backed refinancing this year    

Three managers print new US BSL CLOs near market tights
New-issue US BSL CLOs deals from Rockford Tower, Golub and Octagon priced triple-A paper between four and eight basis points wide of the year-to-date tight