Credit hedge funds – September 2025
Credit hedge fund performance

Manulife CQS raises USD 1.1bn for regulatory capital relief strategy
Under the strategy, the manager can pursue bilateral and club deals to take loans off a bank’s balance sheet

BlackRock launches securitised fund investing up to 30% in CLOs
The BGF Securitised Fund has a remit to invest in AAA to BBB tranches of European and US CLOs 

HPS partners with Vistina on investment grade ABF
The new collaboration will give HPS parent company BlackRock greater access to the growing ABF market for its investors

High issuance creating opportunities in CLOs and Australian ABS – Janus Henderson
ABS portfolio manager Ian Bettney finds market tight but sees attractiveness in certain sectors; high issuance keeping spreads on CLOs, Australian ABS, and US non-QM deals attractive

TwentyFour flags ‘stretched leverage’ in newer ABS deals
Credit enhancement has fallen in some consumer ABS deals, while tight spreads create an issuer-friendly environment

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

KKR raises USD 6.5bn, doubling the size of prior asset-backed finance fund
The sophomore fund in the series will invest in private credit investments backed by large, diversified pools of financial and hard assets

Swiss asset manager plans novel art securitisation
EXCLUSIVE: Zurich-based asset manager Finanz Konzept is marketing private art securitisation that would be the first  denomited in CHF currency

Janus Henderson launches ABS ETF
The new product will focus on investment grade asset-backed securities, reflecting client demand

AFME calls for investor-friendly adjustments to EC securitisation reforms
AFME while welcoming the new European regulatory reform proposals has called for further changes

EC securitisation proposals “a big step in the right direction”
The new European Commission proposals for the securitisation market are “a big step in the right direction” and may attract more investors

Carlyle rolls out investment grade private debt fund
EXCLUSIVE: The IG asset-backed fund is structured as an evergreen vehicle and targets an institutional investor base

TCW makes London-based securitisation hire from Apollo
EXCLUSIVE: TCW builds out its securitisation team in Europe with a hire from Apollo

European Commission proposes securitisation revamp
Formal proposals aim to fuel the European economy by facilitating securitisation

Blackstone hires ex-Lazard co-head of US financial institutions
Joseph Cassanelli will work on the team behind Blackstone’s Tactical Opportunities strategy, which allows Blackstone to invest across asset classes, industries and geographies

Public ABS volatility creates opportunity for Citi, Carlyle ABF partnership
By backing fintech specialty lending businesses, Carlyle will gain access to their portfolio of alternative collateral, Carlyle’s head of ABF told Creditflux

Global investors pile into European CLOs as consensus on US ‘exceptionalism’ erodes
European credit, including CLOs and other ABS products, is attracting international investor interest as geopolitical uncertainty prompts a reach for geographic diversity

Cautious optimism over ABS and CLO markets – Global ABS 2025
A hazy geopolitical backdrop is not deterring investors and arrangers in the structured finance market, as delegates attending the Global ABS 2025 conference in Barcelona appeared upbeat about the prospects of both CLO and ABS markets

Investors remain cautious as European CLO and ABS markets rebound after April’s tariff tantrum
Spreads in both primary and secondary markets have all but retraced to the tights seen earlier this year, even as tariff uncertainty remains – but investors remain wary of further volatility

ABF specialist Balbec names new CEO
Peter Troisi to take the helm as Charles Rusbasan transitions to an executive chairman role

TwentyFour Asset Management launches private asset-backed fund
It’s the first major move into private credit by the firm or its parent Vontobel Asset Management  

Custom vehicles offer range of options for co-investments
Institutional investors, the huge pools of capital that have fuelled private credit to a USD 2tn market, often aspire to invest directly alongside fund managers. But many have been hampered by high cost and other difficulties — until perhaps now

400 Capital names leaders for ABS, corporate and distressed strategies
The alternative credit manager also announced two new partners

Ares appoints new co-head of European alternative credit
The firm taps Richard Sehayek to serve alongside Stefano Questa