Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Boutique asset management firm partners with Australian credit fund manager
A new global credit fund will focus on long-only credit opportunities with the intent of capitalizing on inefficiencies in the credit cycle

The Last Tranche with New Mountain's Kline and Moshiri: we have more flexibility than a typical CLO around industry selection
In this episode of The Last Tranche, John Kline and Cyrus Moshiri from New Mountain Capital discuss the innovative rated feeder fund structure they recently priced, and why they chose this approach over a traditional middle market CLO

September 2023 US Leveraged Highlights
Refinancing continues to amplify leveraged debt volume in Debtwire's latest report featuring key trends in the leveraged loan and high-yield bond market

Credit PMs predict global recession
Respondents to the latest IACPM credit outlook survey were feeling particularly gloomy, with a strong majority predicting recessions in both the US and Europe next year

Bain breaks the mould with 2020 CLO reset
Bain Capital Credit has priced a US reset, arranged by Mizuho, of a 2020 vintage CLO

BlackRock matches recent tights for the latest 2022 vintage CLO reset
The steady stream of 2022 vintage CLOs resetting continued today, with BlackRock resetting Magnetite XXXV

Pantheon brings private credit secondaries to the masses
Pantheon Group has launched a new evergreen private credit secondaries fund aimed at the US private wealth market

Carlyle prices first CLO reset of 2023
Goldman Sachs arranged the reset of a late 2022 vintage Carlyle CLO

ELFA starts drive for consistent climate reporting in CLOs
The European Leveraged Finance Association (ELFA) has published a new report on CLO carbon and climate disclosures

Allstate comes out swinging with tightest US CLO print this year
After sitting out the first three quarters of 2023, Allstate Investments reentered the US CLO market with a bang last week

Nomura prices another short-dated US CLO
Irradiant Partners became the latest manager to price a short dated deal on Thursday

Packers’ recovery chances debated amid industry-wide child labor investigations
A popular CLO credit, Packers Sanitation Services (PSSI), made the news last week in Debtwire

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow

SocGen keeps up activity in middle market CLOs
The French bank priced a new middle market CLO for BlackRock last week

Partners Group returns to US CLO market for third time this year
Bank of America priced a new US CLO for Partners Group at the end of last week, the manager’s third new US deal this year

Benefit Street prints new US CLO
Benefit Street Partners priced a new US CLO arranged by Goldman Sachs

Florida-based pension commits USD 20 million to direct lending fund
The Jacksonville, Fla. Police and Fire Pension Fund approved a USD 20m commitment to a diversified lending fund

Loan Highlights 3Q23: Loan volumes remain significantly lower than historical averages
Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets

Redding Ridge buys Gulf Stream CLO management contracts
Redding Ridge Asset Management has announced the purchase of USD 2.8bn of CLO management contracts from Gulf Stream Asset Management

T. Rowe and Oak Hill launch new BDC
The BDC is another indication of the growing demand for access to private credit funds from individual investors

Allspring doubles down on funds promoting reduced carbon emissions
Allspring Global Investments has expanded its portfolio of climate transition funds with the launch of its third climate transition fixed income fund

Ohio pension fund commits $50 million to credit fund
The commitments mark the second time this year the Ohio-based system has allocated funds to private credit.