Credit funds at a glance – April 2025
Our roundup of top performers, fundraising and moves in credit

BMO Asset Management launches market’s latest CLO ETF
The fund from the Canadian asset manager will invest in AAA-rated CLOs

Europe-based Arini markets first US CLO with big team already in place in the States
EXCLUSIVE: Hamza Lemssouguer's hedge fund is progressing towards debuting its first US issue and building a US CLO managment business with aspirations to do multiple deals a year

Hamza Lemssouguer’s Arini aims to become a new US CLO manager
EXCLUSIVE: The European hedge fund has hired Goldman Sachs as arranger for its first US deal 

Alcentra raises over USD 1bn to invest in third-party as well as own CLOs
The funding will invest in CLO mezz and equity through the firm’s third-party CLO tranche investing platform and for its own issuance in Europe

Ex-Panagram CEO, CLO team launch new credit manager
The new Reckoner Capital Management is backed by RedBird Capital Partners

BlackRock launches new CLO mezzanine ETF
BlackRock has added to its ETF suite, its second to provide access to CLOs and moving further down the stack  

AGL taking steps to enter European CLO management
US-based AGL Credit Management is interviewing candiates to enter CLO management in Europe

Napier Park launches and successfully fundraises for captive CLO equity fund
Napier Park has launched its first global CLO captive equity fund and has already raised a sizeable amount

Janus Henderson highlights agency mortgages in new fixed-income ETF
John Kerschner views agency mortgages as the cheapest thing in fixed-income and has a high allocation for the new JIII ETF   

TCW unveils new CLO ETF as it expands its offerings for investors
TCW has joined the increasingly crowded lineup of CLO AAA ETFs with the launch of ACLO, one of a range of new fixed income ETFs from the West Coast-based manager 

Janus Henderson launches new fixed income ETF
Janus Henderson announced the launch of a new fixed income ETF today. Janus Henderson Income ETF (JIII) has a broad remit to invest across fixed income globally.

Bain Capital fundraising for third captive CLO equity vehicle
Bain Capital Credit has become the latest CLO manager to start fundraising for a new captive equity fund

Beach Point ramps up fundraise for captive CLO equity fund
Santa Monica, California-based Beach Point Capital Management is looking to raise a captive equity fund to support its CLO issuance

Accunia launches new investment-grade US CLO fund
The Danish asset manager Accunia has launched an IG CLO fund and is currently looking for investors 

Onex launches new CLO fund
Onex Corporation has launched a new third-party CLO fund, according to an SEC filing, called Onex Structured Credit Opportunities II 

Nuveen and AGL among those plotting debut as European CLO managers
US-based firms Nuveen, AGL Credit Management and LCM Asset Management are among those planning to kick-start CLO deals in Europe

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

Pearl Diver raises USD 100m for first investment grade CLO fund
CLO equity specialist Pearl Diver has expanded up the stack with the launch of its first investment grade CLO fund 

Sycamore Tree kicks off new captive equity fund with major LP commitment
CLO manager Sycamore Tree has secured a USD 75m commitment for its second captive equity fund from SDCERA

Polen Capital targets USD 200m for new CLO equity fund
Polen Capital has taken another step on the road to becoming a US BSL CLO manager with the launch of a new captive equity fund

Chatham hires Thomas Flannery to lead new CLO management business
Chatham Asset Management announced today that it has launched a CLO management business supported by a raft of senior hires

Pearl Diver to list new CLO equity fund
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker

Ex-Sculptor veterans launch new asset-backed firm Indago
Sculptor alumni led by Akhil Mago have kick started Indago to invest in asset-backed finance and CLOs

Obra launches two new structured credit ETFs
Obra Capital joined the ETF market yesterday, announced the listing of two new ETFs, both with heavy CLO allocations