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Latest news:

  • FoxPath to launch rated note feeder fund with backing from RGA
  • Muzinich appoints Tatjana Greil Castro as global head of investments
  • T. Rowe Price and OHA launch credit interval fund with CLO exposure
  • Sona markets new Euro CLO
  • Carlyle prices market’s first private credit CLO in two weeks
  • StepStone pursues collateralised fund obligation transaction
  • Tikehau sees fertile ground for latest credit secondaries fund amid market tumult
  • Some banks pull SRT deals amid Iran war uncertainty
  • CVC issues Euro CLO reset with wider cost of funding
  • Birch Grove and Napier Park price US BSL CLOs
  • Arini preps fresh CLO, breaking new Euro issuance pause
  • New York, Texas among systems making opportunistic, real estate credit allocations
  • First Brands secures final mediation extension to advance case resolution talks, judge warns against further delays
  • Euro CLO managers wait out volatility while investors feel bearish – FT Live gathering
  • Elmwood, Garnet price similarly-structured US BSL CLOs
  • US Bank recruits veteran securities executive as head of global investment services
  • JF Lehman targets over USD 3.51bn across buyout, opportunistic credit funds
  • JPMorgan Commercial Bank taps new head of syndicated finance
  • Napier Park’s CIO says firm has stockpiled cash to buy mispriced assets
  • Apollo backs Intercontinental Exchange’s private credit data service
  • Overview
  • Newsletter

March 2026  See other issues

Top Story

Optimism and pessimism hand-in-hand

In this issue, we address the credit markets’ shift to a negative tone. But there’s still much optimism. More CLO managers are launching. We spoke to 10 at various stages of starting up a business. Large investors like CalPERS and...

Funds

  • Direct lenders hit hard as credit market reels from war and AI
  • Pension giants’ portfolio shift fuels private credit opportunity
  • BDCs make sales to rebalance portfolios and create liquidity
  • Fund performance – March 2026
  • Credit funds at a glance – March 2026
  • Credit hedge funds – March 2026

CLOs

  • Optimism and pessimism hand-in-hand
  • ‘We are trying to discern who has a moat and who doesn’t’
  • News in brief
  • CLO secondary dynamics – March 2026
  • CLOs at a glance – January 2026
  • CLO Symposium 2026

Comment

  • Germany plans to invest EUR 108bn on defence in 2026 and EUR 152bn in 2029
  • CLO portfolios are diversified across sectors — but not by business model
  • AI will upend operational models in a very short space of time

Analysis

  • ‘The enthusiasm has been great’
  • Direct lending braces for redrawn landscape

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