Testing the water: issuers gauge sterling HY bond demand following 10-year record low
Pure Gym, a UK-based fitness club, has become the second company in a week to test demand for sterling-denominated senior secured notes in the European high-yield market

ABS spreads hold up in spite of September issuance deluge, while CLOs soften
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years

Debut manager joins European CLO market
The European CLO community grew a little bigger yesterday with the pricing of a deal from the first new entrant to the market since May

Private equity firm raises USD 750 million for private credit
British-based private equity firm Apax Partners has raised USD 750m for the first generation of its Apax Credit Funds

Arrow Global names new senior-level hires
London-based asset manager announces new CIO of credit and direct lending

Helaba to launch EUR 500m infrastructure debt fund
Helaba Group is looking to launch its first comingled infrastructure debt fund, as the bank looks to expand its investment management capabilities in the sector

BNP Paribas prices new European CLO as senior prices settle at 170bps
Activity in the European CLO market continued to pick up this week with the printing of a new deal for Spire Partners. 

Oaktree prints first European CLO this year
JP Morgan has priced Oaktree Capital Management's first European CLO this year

Blackstone loses head of private credit in Europe and APAC
Senior managing director will stay until the end of the year before stepping back for personal reasons

Securities regulators call for improvement in practices in CLO market
IOSCO, an international policy forum for securities regulators, has called for improvement in practices in both the leveraged loan and CLO markets.

Barclays prices new European CLO for Trinitas
Trinitas Capital Management priced a new European CLO on Wednesday in a €351.3 million deal arranged by Barclays

Rabobank launches new direct lending platform
Colesco Capital with a focus on sustainable direct lending

RiverRock secures €153 million in commitments for new senior loan fund

RiverRock sets €1 billion commitment target for latest fund, nearly double the size of its previous vintage

Opale selects three funds for tactical credit investment strategy
Digital platform for French investors launches first private debt investment strategy

European primary CLO market returns with new Alcentra deal
After a brief hiatus the European CLO market was back in business yesterday thanks to Alcentra and Citi

Societe Generale teams up with Brookfield for €10 billion private debt fund
New fund launched with €2.5 billion of seed funding and plans to reach their target over the next four years

New digital asset lender launches
Ex credit trader among team looking to bring structure to crypto market

Cautious optimism on display at European CLO conference
At today’s European Structured Finance Conference 2023, hosted by S&P Global Ratings, sentiment about the European CLO market was decidedly mixed, but with a gentle lean towards optimism. 

Bridgepoint Group acquires Energy Capital
Bridgepoint Group adopts infrastructure strategy with acquisition of Energy Capital Partners. 

Fed members need to restore their credibility, which could translate into excessive tightening
Rising wages have boosted spending and GDP — but the party can’t last forever

The Italian connection
As Octagon and Conning come under the umbrella of large Italian insurer Generali, we spoke to the firms’ CEOs about their expectations for credit in general and their firms in particular

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July.