Altice France new capital structure starts trading as investors consider M&A potential
Restructuring completed as secured debt trades; break-up of Altice France business possible through sector consolidation

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

BC Partners Credit launches evergreen fund for dedicated specialty finance strategy
EXCLUSIVE: The new vehicle will be seeded with eight performing specialty finance loans

End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

Blue Owl prints tightest triple As in new middle-market CLO since Liberation Day
It’s the first middle market new issue of 2025 from the manager

Private credit inflows face uphill battle even as 401(k) doors open
Although US President Trump’s executive order opens defined contribution retirement plans like 401(k)s to private credit investments, a sudden and meaningful rise in inflows is unlikely 

PGIM shakes up credit platforms in major reorganization
The reorganization eliminates the separation between PGIM Private Capital and PGIM Fixed Income. The insurer-led firm appointed a single head of public and private fixed income  

Mid-market CLO rally unlikely to endure — S&P Global
The positive start to the year has been undercut by uncertainty stemming from the Trump administration’s new tariff regime

Flood of new US CLOs print before long weekend as market wraps up busy week
A hectic day saw new issues pricing from Antares, Barings, CQS and Polus

Carlyle increases total US CLO issuance for 2025 to over USD 3.75bn with new print
Valued at just over USD 612m, Carlyle 2025-3 priced its triple As at SOFR plus 138bps

Arena raises more than USD 1bn for multi-strategy credit
The firm held a final close for its latest flagship fund

UBS prices two US CLOs in two days via Nomura
The new issue and the reset together totalled USD 1.15bn in size

PineBridge resets 2023-vintage US CLO with triple As at 146bps
The latest in a series of 2023-vintage resets knocked 40bps off the spread at the top of the stack

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Crestline raises USD 3.5bn for sponsor and nonsponsor-backed direct lending
The firm held a final close for its Crestline Direct Lending Fund IV

Trinitas resets short-dated US deal on five-year timeline
The deal saw the triple As on the late 2023-vintage transaction tighten by 24bps

Sound Point prints new USD 354m US CLO
The BSL deal priced the senior triple As at SOFR plus 125bps

Trimaran resets, upsizes 2022-vintage US BSL CLO
Adding USD 81m to the debt stack, the deal also restructured the CLO on a 2Y/5Y timetable

Fidelity’s Ballyrock prices third reset of the year
The deal comes a few weeks after another 2021-vintage Ballyrock reset priced its triple As at the same level

CIFC refinances 2013-vintage US CLO
The BSL deal was previously reissued in 2018

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

Oaktree prices its first US new issue of the year
The USD 405.58m BSL-backed CLO comes a month after the manager’s first European new issue of 2025 

Maine, Louisiana, San Jose, Kern County pensions make new private credit investments, plot future moves
Public Pensions, Private Pursuits: Maine PERS to further increase exposure to TPG Angelo Gordon’s direct lending arm

Neuberger Berman latest reset reinforces triple-A spreads of 124 as new market tight
Neuberger Berman has priced a CLO reset via Mizuho that reinforces triple-A spreads of 124 as new US market tight  

US CLO resets price from Octagon, Trimaran, Sculptor and UBS
Four managers -- Octagon, Trimaran, Sculptor and UBS -- has priced end-of-year US BSL resets totalling USD 2bn