A Texas pension discloses investment in CLO equity fund
Texas Municipal Retirement System commits USD 775m in Q2 2025, including investment in OHA's CLO equity fund

US market focuses on resets as PGIM, Trimaran and Fortress price deals
The trio of transactions together added almost USD 1.4bn to repricing volume for August

Private credit firms lean on origination partners to push into asset-backed lending
The private credit juggernaut keeps trundling on, with firms such as Carlyle and Fortress thrusting into the private asset-backed finance market, which by some estimates could be worth USD 30tn

New Fortress CLO prices AAAs at 140 against market tightening trend
The deal's mezz tranches similarly priced wide of the current market, with the senior triple Bs issuing at SOFR plus 350bps, a full 80bps outside the current market floor

Fortress prints second Euro CLO
The EUR 408m deal – co-arranged by Natixis and HSBC – comes eight months after the manager’s inaugural European print

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

Fortress rolls out hybrid, evergreen asset-based credit fund
The Asset-Based Credit II fund allows investors to roll commitments and earnings into successor funds in the same series

Fortress shifts to short-dated timetable with latest US reset
Unusually, the USD 364m BSL repricing maintained the same reinvestment expiration date

Mubadala to deploy USD 1bn alongside Fortress into private credit co-investments
The new partnership will see the Middle Eastern investor giant co-invest with Fortress’s existing strategies across private credit, asset-based lending, and real estate  

Former Fortress Partner joins Star Mountain
The new managing director Cohan joins the investment team and will be based on the west coast  

Fortress and Polen print their first new CLOs of the year
Fortress and Polen Capital have priced their first BSL offerings of the year, both via BofA  

New US CLOs price from Ares, Benefit Street Partners, Fortress, BlackRock, Trinitas and Voya
Most of the triple-A spreads confirmed the tightening of the senior portion of the primary market, including prints at 129bps, 130bps and 131bps, all tighter than the benchmark just a week ago

Fortress Credit prints its second new middle-market CLO of 2024
The senior triple-As priced at 159bps in Fortress' second private credit CLO, a full 61bps tighter than the manager's previous deal back in January 

Differing approaches on display as Fortress and CIC Private Debt debut as CLO managers in Europe
CIC Private Debt and Fortress have priced their debut CLOs within hours of each other this week to mark the first set of manager debuts the market has seen in six months

Fortress Credit refinances 2019 vintage CLO
JPMorgan and Fortress teamed to refinance a US BSL CLO dating back to 2019 that came out of reinvestment in July

Fortress becomes European CLO manager after pricing debut deal
US hedge fund Fortress has become a new European manager with a CLO that upsized and attracted a significant new manager premium

New managers hustle to join buoyant CLO market
New entrants are bustling to join the ranks of BSL CLO managers in both the US and Europe, with Obra, Fortress and CIC all in the market

Fortress markets new CLO to debut as a first-time European manager
Fortress is marketing a new CLO that will mark the US-based hedge fund's debut as a European CLO manager

Nuveen and AGL among those plotting debut as European CLO managers
US-based firms Nuveen, AGL Credit Management and LCM Asset Management are among those planning to kick-start CLO deals in Europe

Fortress US CLO refi shows tightening throughout the stack
Fortress Investment Group paired with Bank of America to price a 2022-vintage US BSL CLO refi on Thursday, its seventh deal of the year

Fortress prints its third US CLO of the year
Fortress has priced its third new US CLO of 2024, a BSL CLO arranged by JPMorgan

Fortress prices second new CLO of 2024
Fortress has returned to the primary market for a second time this year, pricing a USD 451.87m new BSL CLO late last week

Scotia continues growth with new CLO for Fortress
The middle market has continued its strong start to the year, with Fortress Investment Group yesterday setting a new benchmark for middle market pricing

Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate