Private credit still deploying despite increasing risks – head of credit at CVC
PODCAST: Andrew Davies, head of credit at CVC Capital Partners, says the present uncertainty offered opportunities to reconsider the pricing of transactions, and the ability to structure those deals more conservatively

CLO platform M&A sees green shoots
ANALYSIS: CVC’s recent agreement to acquire Marathon Asset Management in a deal that sees the top European CLO player double-down on its US CLO presence may prove the start of trend 

Blackstone exits GP stakes position in Marathon after CVC buyout
Blackstone to receive USD 280m for stake; the asset manager first invested in Marathon in 2016

CVC enhances US credit offering with Marathon acquisition
CVC Credit has extended its reach in the asset based, real estate, opportunistic and public credit markets by acquiring US credit manager Marathon Asset Management

An opportunity-rich 2026 also promises fresh challenges for the US CLO market
EXCLUSIVE: A new Fed chair, AI dominance, and heightened fraud awareness are setting the stage for an interesting 2026 in the US CLO market

CVC launches dedicated private credit secondaries platform
The alternative asset manager tapped Henri Lusa, a former managing director at Partners Group, to lead the new effort

Dealmaking optimism appears in European credit – CVC
The alternative asset manager increased its European credit exposure during the third quarter after seeing a spread pickup

US resets price from Barings, CVC and Western Asset Management
A trio of US BSL resets from CVC, Barings and Western Asset Management toward the end of last week added over USD 1.3bn to August’s final issuance tally

Another 2023 reset prices as CVC issues USD 460m print
The repricing of Apidos CLO XLV is the latest in a string of two-year-old resets to hit the market over the past few weeks

CVC reworks 2018-vintage US CLO
The deal, which included a 55% equity upsizing, saw the overall cost of funding increase slightly from its pre-reset level

CVC prices second reset of Covid-era US CLO
Apidos CLO XXXIII saw a USD 22m equity infusion and priced its senior triple As at SOFR plus 130bps

CVC prints fourth repricing of long-running 2012 US CLO

The transaction, which was last reworked in 2021, has already been through a refinancing and two resets

CVC, Octagon price new US issues with AAAs at current tight
CVC's print established a new low this year for the overall cost of funding on a standard-duration US CLO with AAAs at 113bps  

Aegon, CVC and Anchorage price BSL CLO resets
Aegon, CVC and Anchorage all reworked US CLOs, with the triple As printing between 120bps and 123bps over SOFR  

Short-dated US CLO reset from CVC prices the triple-A notes at 114bps
CVC Credit Partners has printed a short-dated reset of its Apidos CLO XXV, a US BSL deal that debuted back in 2016, and scored a tight for the triple-A notes of SOFR plus 114bps

CVC resets Apidos CLO XVIII-R, slashes leverage
CVC Credit Partners has printed a reset of Apidos CLO XVIII-R that nearly doubles the equity in the US BSL deal.

L stands for winner as Apidos deal prices with triple-As at 134bps
CVC hit the big five-oh last week with a characteristically tight pricing of Apidos L, a new US BSL CLO

CVC Credit starts fundraising for new captive CLO equity fund
CVC Credit has kickstarted fundraising for a new captive equity fund to support its CLO issuance in the US and Europe

CVC extends duration on newest US CLO reset
CVC lengthened the duration of a 2023 short-dated deal to a market-standard 5Y reinvestment period in its latest US BSL CLO reset

HPS prices third new US CLO of the year
HPS Investment Partners has priced its third US BSL CLO of 2024 via Wells Fargo

CVC refinances Apidos XXX CLO
CVC prices a refinancing of 2018 deal called Apidox XXX via RBC

CVC prices new US BSL CLO
CVC Credit Partners priced its fourth new US CLO of 2024 on Friday, a BSL deal called Apidos CLO XLIX

CVC prints tightest US CLO refi of the year
CVC priced the tightest US refi of the year on Monday, with a partial reworking of one of the older deals in its portfolio dating back to 2013

CVC brings US triple As down to 144bps
Primary market activity on Monday saw US spreads continue to grind down further, with CVC’s latest new issue US CLO setting a new year-to-date benchmark 

CVC joins short-dated trend for latest US CLO
CVC Credit on Friday priced Apidos Loan Fund 2024-1, a new US BSL CLO with a 1Y/2Y timeframe