Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.

TPG buys Angelo Gordon for $2.7 billion
TPG has entered into an agreement to buy Angelo Gordon in a cash and equity deal valued at around $2.7 billion, the firm has announced

TPG in talks to buy Angelo Gordon: Bloomberg
The deal marks the private equity firm’s first foray into credit since parting ways with its credit arm Sixth Street in 2020

PGIM buys majority stake in direct lender Deerpath
PGIM has bought a majority interest in direct lending firm Deerpath Capital Management

WhiteStar absorbs yet more CLO contracts
WhiteStar Asset Management has underlined its status as one of the leading acquirers of CLO platforms in recent times

Aegon agrees to buy NIBC's CLO platform
Aegon Asset Management has agreed to buy NIBC’s North Westerly European CLO platform, which includes three deals alongside the NIBC CLO team

Sound Point/Assured CLO overlap to increase but no credit concern, says Fitch
 The firm's Fitch-rated CLOs had an average 37% portfolio overlap as of April, based on based on obligor count

Sound Point to take on Assured's asset management business in new partnership
Assured Guaranty and Sound Point Capital Management have struck up a partnership, according to an announcement, which will make Sound Point the fifth largest CLO manager globally.

L Catterton plots credit platform growth with Hunter Point minority stake
Hunter Point Capital has bought a minority stake in L Catterton, with a particular focus on helping grow the firm’s new credit business

First Sentier buys majority stake in credit firm AlbaCore
First Sentier Investors has bought a majority stake in European credit specialist AlbaCore Capital Group, the firms announced today, after identifying alternative credit as a ‘strategically important space’

Barings captures Gryphon to boost structured credit business
Barings has bolstered its global structured credit expertise by buying AUD $2.6 billion ($1.72 billion) Austrialian credit firm Gryphon Capital Partners

Starting Clover: Blackstone completes AIG CLO acquisition with rebrand
Covenant CLO Advisors, the investment manager of AIG’s CLOs, has rebranded to Clover CLO Advisors and is now a Blackstone affiliate

Apollo launches Atlas to shoulder assets from Credit Suisse unit
Apollo Global Management’s acquisition of Credit Suisse’s securitised products group has reached a milestone with the launch of a standalone business known as Atlas SP Partners

FS and Portfolio Advisors join forces to create $73bn asset manager
FS Investments and Portfolio Advisors have announced a merger in a deal which will see Portfolio Advisors become the institutional investment arm of FS

Blackstone buys $3.6 billion US CLO manager
An affiliate of Blackstone has entered into a purchase and sale agreement to buy a CLO management business 

Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

Nassau adds $3.6 billion credit firm Angel Island to its platform
Under the deal, Angel Island will become a subsidiary of Nassau’s asset management unit, Nassau Asset Management

Buy-out rumours send US high yield company back to January spread levels
Not many single name credits are ending 2022 at the same spread levels they entered the year, but one US high yield company has that profile after its rally of the past three weeks picked up speed following buy-out rumours

Investcorp to buy Marble Point as it rejuvenates US CLO business
Investcorp has agreed to acquire US CLO manager Marble Point Credit Management

Private debt team spins off Trea to form independent manager
The private debt team has spun-off and will be rebranded Zenon Asset Management

Medalist and Semper form partnership to jointly invest in structured credit
Medalist Partners and Semper Capital Management have joined forces in a partnership which results in the pair co-investing in structured credit.

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Aristotle boosts credit business with Pacific AM acquisition
Pacific Life Insurance Company has agreed to sell its credit asset manager – Pacific Asset Management – to Aristotle Capital Management

Nuveen strikes deal to buy European direct lender Arcmont
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management

PE firm Nile buys minority stake in Prytania AM
Nile Capital Group has bought a minority stake in a structured credit specialist