Morgan Stanley Direct Lending debuts inaugural private credit CLO
Morgan Stanley Direct Lending Fund, a business development company, has launched its first private credit CLO 

Blue Owl prices latest MM CLO
American private credit specialist Blue Owl yesterday priced its fifth new deal of the year, market sources said, in a USD 397.3m US transaction arranged by Société Générale

Churchill prices new CLO for private BDC
Churchill was back in the market on Friday with a new middle-market CLO, Churchill NCLC CLO-I arranged by SMBC Nikko, with Capital One acting as co-placement agent

CLO market welcomes new middle market manager as BDC CLO prices
The CLO market welcomed merchant bank BDT & MSD Partners to the universe of managers today as Deutsche Bank arranged MSD BDC CLO 1

MidCap goes minimalist for mid-market deal
MidCap Financial, an Apollo affiliate, has priced a new middle market CLO called MFIC Bethesda CLO 1

Sound Point looks to amplify mid-market offerings with BDC and CLOs
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business

Garrison BDC agrees to merge with Portman Finance
As part of the transaction, Portman will assume Garrison’s on-balance sheet CLO liabilities upon closing 

US pension's joint venture with Barings set to produce first CLO
Jocassee Partners, a joint venture established between Barings' business development company and South Carolina Retirement Systems, is marketing a CLO

PennantPark makes CLO market debut amid fundraising spree
PennantPark Investment Advisers, a New York-headquartered direct lending firm, yesterday priced its first ever CLO, becoming the US market’s eighth debut manager of 2019

BDCs ramp up CLO issuance, but stifle investment appetite
As business development companies (BDCs) turn to CLOs as a financing tool, they are reducing their investments in CLO liabilities.

Barings shows way forward with BDC-sponsored CLO
The unusual move by Barings BDC to issue a US CLO suggests a new way for BDCs to lock in cheap financing and withstand volatility.

KKR and FS Investments' BDC platform markets new issue CLO
KKR and FS Investments’ business development company, FS KKR Capital Corp, is marketing a new issue CLO via Citi named FS KKR MM CLO 1

LibreMax strikes CLO equity deal after acquiring Trimaran
LibreMax is a name associated with managing hedge funds, but the firm is expanding into long-term strategies, geared towards lock-up funds. 

Mid-market CLO managers can escape risk retention with business development co, SEC confirms
Middle market managers issuing CLOs can escape risk retention requirements through a business development company, according to a no-action letter from the SEC to Golub Capital

CLO investor TICC rebrands as Oxford Square
TICC Capital has changed its name to align its branding more closely with its affiliates

Apollo sells two CLO positions from its BDC after 21%-plus returns
Apollo Global Management has reduced the structured credit exposure it held in its business development company