Private credit default rate rises sharply, according to new report
The second quarter of 2024 saw a further increase in the default rate for US middle market companies, according to legal firm Proskauer's latest report

Angelo Gordon adds fresh equity for 2018 CLO reset
Angelo Gordon’s latest reset of a 2018-vintage CLO saw a huge equity injection. The deal was originally a reissue of a 2014 deal.

Fund performance
CLO funds dominate again as they take 18 spots in top 30 list

Golub prints tightest new middle-market CLO of 2024
Golub Capital, working with RBC Capital Markets, has priced a new middle market CLO with the tightest senior and mezz spreads so far this year

AMMC refinances 2022 vintage CLO
American Money Management Corporation has refinanced a 2022 vintage CLO, knocking 20bps from the senior spread

Unusual Golub CLO sees huge upsize
Golub Capital concluded last week with the reset of an unusual static middle market deal – a US CLO with a rare euro-denominated tranche

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

Ares refinances 2019 vintage CLO
Ares CLO Management on Friday refinanced Ares LIV CLO, a 2019 vintage US BSL CLO

Octagon refis 2019 vintage CLO
Octagon Credit Investors has refinanced the top four tranches of Octagon Investment Partners 43, a half-billion dollar deal from 2019

Allianz gears up to launch European credit impact investing fund
Allianz Global Investors filed regulatory documents in Luxembourg this week for a new impact investing fund, the latest in a string of similar strategies

RBC arranges two new US deals part one - Octagon 63
Octagon Credit Investors has priced its second new CLO of the year – and its fifth deal overall in 2024

Golub resets 2019 vintage middle market CLO
Golub Capital Investment Management reset Golub Capital Partners CLO 46 last week

Shenkman refis three tranches of 2015 vintage BSL CLO
Shenkman Capital Management has refinanced three tranches of a BSL CLO from 2015. CIBC was the sole arranger of the refi.

Golub keeps up the pace with big static BSL CLO
Golub has returned to the market with another typically sizeable offering, adding the fifth-largest deal of the year to their portfolio 

Largest new-issue CLO since 2017 prices
Golub Capital has stunned the market with its new-issue middle market CLO that priced on Tuesday – upsized from USD 500m to a mammoth USD 1.34bn

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

Credit PMs remain gloomy in latest IACPM survey
Survey participants in the latest IACPM Credit Outlook Survey believe the euphoria seen in global financial markets during the last few months of 2023 was overdone

Riverstone Credit Partners co-founders launch new energy credit investment company
New energy industry credit investment firm Breakwall Capital will focus on sustainable infrastructure investments, the circular economy and next-gen fuels

Fund performance
Q4 has kicked off with structured finance funds leading the way in the Creditflux league tables, as the category index reached 0.61%, and all but one fund made positive returns.

BNP Paribas launches climate impact infrastructure debt fund
BNP Paribas Asset Management has launched the BNP Paribas Climate Impact Infrastructure Debt fund as interest in impact investing and ESG-related causes continues to grow around the world

November 2023 US Leveraged Highlights
Debtwire today releases the November 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high-yield bond markets

Amundi launches impact strategy aiming at agri
European asset manager Amundi has launched an impact investing strategy dubbed Amundi Ambition Agri-Agro Direct Lending Europe, with the intent of preserving natural resources and ensuring food sovereignty.

BlueOrchard launches impact credit fund
A new BlueOrchard impact credit fund promotes financial inclusion and adds to the market's growing list of ESG-related investment opportunities

State of the US Loan Market 3Q23 - Xtract Special Report
The US leveraged loan market continued to languish in 3Q23, but the average covenant score for large Sponsor loans bounced back somewhat from its precipitous decline in 2Q23 according to this special report