US CLO industry flies in for summer tour of Europe
American accents are forming the soundtrack in Europe this summer, as the region’s CLO market attracts investor interest from around the globe

Banks are piling into the CLO market – BSP
Despite negative headlines around the alternative credit space, banks are still supportive of private debt and the CLO market behind closed doors, according to Benefit Street Partners

North Carolina, Wyoming among systems pursuing alternative credit strategies
North Carolina commits USD 500m, plans another USD 2.8bn; Wyoming, Texas, Illinois target ABL, tactical, opportunistic strategies

Franklin Templeton launches investment-grade CLO ETF
Franklin BSP CLO ETF (YCLO) invests predominantly in IG CLO debt tranches across US and European markets

CLO managers push for index-linked discount obligation thresholds
European and US CLO managers are changing their discount obligation language, according to a new report by Dealscribe 

BSP prices latest new European CLO
The EUR 405.7m transaction, which issued on Friday, is the manager’s fourth European issue for the year and its second new issue

Federated Hermes taps Benefit Street’s special-sits exec to lead European credit team
Carlos Gross, who ran special situations at Benefit Street Partners, has been named head of European credit opportunities in Federated Hermes' private credit team

US CLO resets issue from Oak Hill, CIFC and BSP
The trio of transactions totalled just over USD 1.4bn in value, with Oak Hill's deal matching the new-issue triple A benchmark of 120bps over SOFR

Benefit Street Partners CEO says private credit’s doomsday scenario is overblown
PODCAST: The ‘doomsday scenario’ for software loans represents a complete over-exaggeration, says David Manlowe, CEO of Benefit Street Partners, on the latest episode of Credit Exchange with Lisa Lee

Benefit Street Partners targets Japanese private credit, CLO investments with new hire
Franklin Templeton subsidiary Benefit Street Partners has appointed former Blue Owl MD Takeshi Yamamoto in a newly-created role

Majority of LPs expect to mix public and private credit despite liquidity challenges – BSP survey
Within the next five years, 59% of global institutional investors expect to take an integrated approach to public and private credit investments, new research from Benefit Street Partners shows 

BSP is latest to issue US CLO AAAs at 115bps, as New Mountain and CQS also price new deals
Benefit Street Partners issued its second new US CLO of the year, with Bank of America arranging the USD 502.6m transaction

LACERS stalls private credit consultant renewal, Connecticut system issues RFP
The Texas County & District Retirement System invests another USD 60m in Alcentra's Structured Credit Opportunities Fund V, while LACERS delays private credit consultant renewal over fees

Alcentra adopts BSP brand, winds down direct lending biz
The Franklin Templeton-owned credit shops have also created a new global executive committee that brings together leaders from BSP, Alcentra and the newly acquired European lower middle market lender Apera

Benefit Street Partners issues 2026's first new CLO
SMBC Nikko was the sole arranger for Benefit Street Partners CLO 47, which priced as a USD 506m offering

Euro new issue AAAs match reset tight with latest Benefit Street Partners print
Jubilee 2025-XXXII priced as a EUR 514m issue via Citi, with its senior triple As clearing at Euribor plus 128bps

Private credit secondaries poised for record year
Deals in the market are only getting larger and volumes are expected to surpass USD 18bn this year, a new Evercore report shows

Barings, Benefit Street latest to price US resets at 125
Barings reworked a two-year-old CLO, while Benefit Street Partners issued its fourth reset of a serially-repriced 2014-vintage deal

Benefit Street Partners prices tight in mezz with new BSL CLO
Tight pricing through the mezz helped the manager's latest deal record one of the lowest overall costs of funding since April, as CLO liabilities reinforce their current tightening trend

Benefit Street Partners adds another new CLO to its 2025 roster
The manager has priced its ninth primary market issue of the year, with its total 2025 issuance approaching USD 5bn

Benefit Street Partners raises USD 500m for captive US CLO equity fund
BSP will use the capital to fund as many as 20 US CLOs during the next four years

Benefit Street Partners prints tight with latest CLO
The USD 405m deal saw its triple A paper clear at the tightest level since the beginning of May

Benefit Street Partners resets second 2023-vintage CLO in three weeks
The USD 480m reset priced the top of the stack 13bps wider than the manager's previous reset in late March

Benefit Street Partners prices third March deal with 2023-vintage reset
The deal’s overall cost of funding narrowed dramatically, cutting more than 100bps from its pre-reset level

Benefit Street Partners prices full refi of 2021-vintage US CLO
The BSL repricing saw the triple As print at SOFR plus 106bps