New Euro AAAs breach 130 as Oaktree prices latest deal
The transaction hit fresh new-issue market tights for the triple As, double As, double Bs and single Bs

Blackstone, State Street Investment Management launch Euro CLO ETF
The new fund will invest in floating-rate, triple A-rated European CLO tranches

CLOs attracting more investor demand, especially in Europe – JPM's Steve Baker
Creditflux catches up with JPMorgan's Steve Baker and Ed Watson as they gear up for the rest of the year

UK and France dominate European CLO collateral – Fitch Ratings
One-third of the collateral behind European CLOs is issued by UK and French companies, as Fitch warns of French downgrade risk

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

TwentyFour flags ‘stretched leverage’ in newer ABS deals
Credit enhancement has fallen in some consumer ABS deals, while tight spreads create an issuer-friendly environment

Play quality as stress builds in corporate credit – Oak Hill Advisors’ Alan Schrager
Corporate credit stress is beginning to show, creating more opportunities for credit managers to show some differentiation after years of relatively smooth sailing, says Alan Schrager, senior partner at Oak Hill Advisors, in the latest episode of Credit Exchange with Lisa Lee

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

AlbaCore hires four to launch infra debt strategy
The European credit specialist jumps into the infrastructure space for the first time, tapping the former head of infrastructure debt at UBS Asset Management to lead the effort

Park Square raises EUR 4bn for junior debt strategy 
The firm’s latest fund, Park Square Capital Partners V, surpassed its initial target and is significantly larger than the EUR 2.2bn predecessor fund

Price talk emerges for Royal London's first ever CLO
The asset management arm of the UK insurance and pensions group is marketing its first European deal via Goldman Sachs

Spire upsizes 2021-vintage deal with fifth print of 2025
The manager printed a reset of Aurium CLO VIII via Deutsche Bank on Tuesday, upsized to EUR 537m from EUR 443m

Tikehau issues first repricing of 2018-vintage Euro CLO
As part of the reset, the capital stack for the 2018-vintage deal was consolidated from its previous 11 debt tranches into a straight vanilla capital structure

Corinthia Global Management hires Ares alum in New York
The global private credit manager has hired former Ares partner Craig Shirey to serve as a managing director

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I

Originator “fix” notices soar following risk retention update – Deutsche Bank
Deutsche Bank reports a surge in “fix” notices following 8 August EBA risk retention update

ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

European CLO optimism abounds as tariff risk appears minimal
European CLO issuance looks to break new records while the securitisation market fills with optimism as unpredictable trade policies show little impact on ratings

JPMorgan credit research team pitches top trades at levfin conference, strategists recommend overweight BBs
Buy opportunities in AT1 debt, periphery banks, Ardagh Metal, Altice France, Ithaca; Sell ideas on Guala Closures, Nissan, Nomad Foods, Hapag Lloyd
 

Proposed changes to Solvency II capital charges “remain significantly more conservative” than other jurisdictions – AFME
The Association for Financial Markets in Europe argues that a more “risk-sensitive” framework has the potential to unlock up to EUR 210bn in additional financing for the EU economy

September European pipeline bulging as warehouse creation surges
A bumper pipeline for European issuance includes at least 20 deals set to price in September, and is accompanied by a huge surge in the number of open warehouses, as the market looks to capitalise on growing investor demand

Nassau Euro issue prints at wider end of recent resets
Barclays was sole arranger on the repricing of Nassau Euro CLO III, which left the vanilla capital structure unchanged

Alaska, Pennsylvania among pensions disclosing recent private credit investments
Alaska retirement system reveals over USD 400m in private credit investments and Pennsylvania and Texas pensions make new commitments to European private credit funds, while Maine PERS commits to another new TPG Twin Brook fund

Hunter Point, Temasek take minority stake in Nuveen Private Capital
US-focused private credit manager Churchill and European direct lender Arcmont, which comprise Nuveen Private Capital, plan to launch new investment strategies.  

US venture debt manager eyes European opportunities
EXCLUSIVE: Runway Growth Capital mulls European office as the continental venture debt market heats up