Apollo private credit fund looks to go on offense with new CLO
With credit spreads widening, Apollo Debt Solutions, or ADS, obtained a $500 million credit line that it can use to snap up more loans at an opportune time.
CLOs
Blackstone’s BCRED Sells $450 million private credit CLO
Unlike most CLOs, the deal is a so-called "static" transaction, with cash flows from a fixed pool of loans rather than an actively traded portfolio.
Mountain Point promotes systematic strategy in inaugural CLO
Investing in vastly more loans that traditional collateralized loan obligations, Mountain Point anticipates approaching the market quarterly.
By
John Hintze
Benefit Street Partners closes new $10 billion fund
ODF II will focus on originating senior and junior commercial rea estate debt investments across major U.S. markets, focused on multifamily properties.
Octus: Lenders face “LME squared” and other evolving challenges
Signs point to less aggressive uptier LMEs while sponsored borrowers pursue new structures to circumvent restrictions.
By
John Hintze
Janus Henderson taken private in $4.7 billion, all-cash deal
Janus brought several innovations to the asset management market, including the asset-backed securities ETF (JABS) and the fixed-rate CLO ETF (JAAA).
Performance Trust hires bankers to lead UK structured-debt push
The investment bank, which focuses on community banks across the US, launched a new unit, PTUK Limited, last week, according to Eric Brown, president of Performance Trust's institutional group.
Outlook brightens for CLOs in 2026 on prospects of M&A pickup
The industry expects resilient market conditions and fewer defaults, plus cheaper financing that supports M&A activity and more CLO issuance in 2026.
In CLO stacks, BB pieces could become buying opportunities
Aside from employment numbers that are still fluctuating, year-over-year inflation rates could remain persistent, sending Fed base rates north of 3%.
Fed Data: Banks ramp up lending to structured finance
Baby Boomers' annuities purchases continue to fuel banks' lending to collateralized loan obligations, asset-backed securities and special purpose entities.
By
John Hintze
Diameter raises $4.5 billion credit fund betting on dislocation
Dislocation funds seek gains by snapping up beat-up assets of a company whose debt prices have slumped amid market turmoil or because of industry challenges.
MUFG’s asset manager targets Japan buyers for its first CLO fund
The securities will mainly hold dollar-denominated floating-rate loans made to US companies. The unit aims to launch the fund in January.
Riskiest CLO securities offer lowest payouts in five years
With borrowing costs near multi-year lows, median equity distributions for the securities reached an annualized rate of 12.1%, the lowest since 2020.
Octaura adds CFO, Cristina Kim, in continued expansion bid
Previously, Kim was a managing director in J.P. Morgan Chase & Co.'s strategic investments group, where she managed a diverse portfolio of fintech investments.
AI-powered CLO investor built an outsized first brands position
While Anthelion's First Brands exposure is dwarfed by other creditors, the firm's investment speaks to how pervasive the company's debt became across Wall Street before its collapse.
Investors pull cash from CLO ETFs in biggest outflow since April
Last week, JPMorgan CEO Jamie Dimon raised the alarm over certain corners of the credit markets might see outsized losses if the economy sours.
Goldman Sachs sells $10 billion of bonds after earnings
The five-part deal's longest portion, an 11-year fixed-to-floating rate note, yields 0.92 percentage point more than Treasuries.
Boehly’s Eldridge sells its first collateralized loan obligation
The biggest portion of the transaction, the $290 million of class A-1 bonds rated Aaa, were sold to yield 1.33% more than their Secured Overnight Financing Rate benchmark.
Sagard brings Dan Johnson aboard BD team
Johnson will be based in New York and joins a business development team focused on originating for Sagard's private credit business.
BlackRock sees CLOs among best European credit opportunities
CLOs offer an alternative to investment-grade and junk corporate bond markets, which are trading at very thin premiums to Treasuries. They bundle leveraged loans into bonds of varying risk and reward, allowing managers to tailor portfolios to specific investors tolerances.
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