M&G launches European CLO ETF with EUR 200m
The actively managed M&G AAA EUR CLO Active UCITS ETF will provide exposure to AAA CLOs

Golub prices USD 625m private credit CLO
Santander acted as the arranger for Golub Capital Partners CLO 92(M), which issued its triple A paper at SOFR plus 146bps

CalPERS expands Goldman Sachs credit commitments, South Carolina picks Barings fund
CalPERS commits another USD 750m to West Street credit vehicles; South Carolina RSIC allocates USD 250m to a Barings fund

Optimum to show restructuring proposal to creditors’ advisors as company presses for deal before 4Q
Market participants discuss fraudulent conveyance claims amid reorganisation; creditor advisors are already restricted to review diligence documents

Iran War to increase corporate default rates globally — IACPM Survey
Though the credit market is absorbing new leveraged loan issuance amid geopolitical uncertainty, credit managers expect the war to drive a rise in defaults

New European Partners Group CLO prices with delayed-issuance single B tranche
Both the triple As and double As were split across note and loan tranches, with the triple As issuing at the current market benchmark of 130bps over Euribor

CLO equity price decline represents compelling buying opportunity — CIFC
Over the next 12 to 24 months, CLO equity could generate returns comparable to those seen in 2023-2024, CIFC believes

M&A volume leap 20% to USD 1.38tn in first quarter of 2026
Even the Iran conflict has not arrested momentum among larger deals. A mammoth USD 122bn capital raise from OpenAI closed on the last day of the quarter, according to Mergermarket data

Michigan, New Mexico make large bets on asset-based credit strategies
Michigan SIB commits USD 800m to Apollo, LGT credit funds; New Mexico SIC allocates USD 400m for Ares, Pemberton funds

AI blockbuster deals surge as Middle East conflict test dealmaker confidence
Mergermarkets M&A Highlights 1Q26: Global M&A volume jumped 22% to the second highest start ever

Euro CLO market perks up to close out week, as LGT and Capital Four price deals
A new issue from LGT Capital Partners and a reset from Capital Four came after a tepid week of issuance, impacted by the ongoing disruptive impacts of AI on software loans, allied to uncertainty stemming from the war in Iran

First Brands secures final mediation extension to advance case resolution talks, judge warns against further delays
Judge approves extension of FBG case resolution mediation with Judge Isgur through 27 March; likely the final extension for case resolution talks

European CLO market predicted to double in size within five years
At the FT Live Euro CLO conference in London, managers have predicted rapid growth in the European market over the next five years

ABS primary braves geopolitical uncertainty as spreads start to feel pressure – European ABS Weekly Digest
The European ABS primary market mostly shunned geopolitical risk this week as seven deals priced, two of which were pre-placed

Eurazeo expands evergreen push across Europe as wealth inflows rise 18%
EUR 922m in wealth inflows in 2025, up 18%; Two evergreen launches in 2025, wealth AUM now EUR 5.8bn

CLO primary market in Europe to go quiet amid oil price upheaval – Acer Tree
EXCLUSIVE: No new issues are expected to reach the market this week as investors and managers take a wait-and-see approach following new geopolitical pressures 

Air Baltic and INEOS Quattro bonds fall, AD Education loan continues to slide – Market Comment
Latvian flagship airline Air Baltic’s EUR 380m 14.5% senior secured 2029 notes are 5 points down from Friday, while UK-based chemicals group INEOS Quattro’s EUR 775m 8.5% senior secured 2029 notes are 4.5 points down at 77.9-mid in the wake of rising costs stemming from the US/Iran conflict

Loan ETFs see massive outflows as retail investors react to software, Iran
EXCLUSIVE: The software sell-off and Iranian conflict have rattled the retail market and led to a spike in outflows, according to Octaura data

BlackRock TCP reports new write-downs, wiping out 19% of NAV
Loans on non-accrual now account for 9.7% of cost for the BDC’s portfolio and 4% of fair value, the fourth quarter earnings presentation shows

Golub reset sets fresh AAA market tight for private credit CLOs
Golub Capital Partners CLO 71(M)-R issued its top-of-stack paper at SOFR plus 135bps, two bps inside the previous low

NYS system commits USD 500m as Illinois plans private credit RFP
NYSCRF allocates USD 500m to BlackRock, Ares and Pearl Diver; Boston, San Joaquin pensions also reveal recent commitments; Illinois police pension plans private credit search in June

Private credit manager Varagon prices second CLO
Arranged by BNP Paribas, the USD 592m MDL Structured Notes II is the manager’s first CLO issue since its market debut in October 2024

CLO ETFs attracted USD 14.8bn of investor cash in 2025 – Morningstar
Total net inflows for US-domiciled CLO ETFs fell short of the highs seen in 2024

TwentyFour AM favours European CLO equity going into 2026
In comparison, US CLO equity faces more challenges related to LMEs and refinancing activity, the asset manager said

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024