New report finds 2023 a record year for alternative credit M&A
A new report on “Acquisitions of Alternative Credit Managers” by credit specialist Gapstow forecasts that more M&A activity lies ahead for credit firms as they struggle with the challenges facing the broader investment management industry

Aquarian buys minority stake in Obra
Obra Capital revealed in Monday that it had sold a minority equity ownership stake to Aquarian Holdings

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Vertical Capital Income fund changes name as Carlyle takes over and shifts focus to CLOs
Vertical Capital Income Fund is set to rebrand as Carlyle Credit Income Fund after a transaction appointing Carlyle Group as the fund's investment manager and shift the fund's investment mandate to CLOs closed on Friday

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

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

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.

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

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

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

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms

US CLO manager valued at $278 million goes up for sale
One of the most consistent US CLO issuers for two decades is on the market

Tall Tree CLO stays rooted despite proposed Benefit Street transfer
In January, a notice was sent to investors of Lockwood Grove that Tall Tree Investment Management was set offloading management rights to the CLO to Benefit Street Partners

"Wholesale moves into risk areas after internal changes should sound an alarm"
The composition of CLO managers is changing, so management styles may drift