Aristotle boosts credit business with Pacific AM acquisition
Pacific Life Insurance Company has agreed to sell its credit asset manager – Pacific Asset Management – to Aristotle Capital Management

Credit pivots sharply as US returns to growth and ECB confirms record hiking cycle
After a wider start, credit markets reversed course Thursday having digested a strong US GDP reading and the European Central Bank lifting its base rate by 75bp – a move that confirms this as the region’s most aggressive ever hiking cycle

Nuveen strikes deal to buy European direct lender Arcmont
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management

Angel Oak launches inaugural structured credit ETF
Angel Oak Capital Advisors has launched its first exchange traded fund, Angel Oak UltraShort Income Fund ETF

PE firm Nile buys minority stake in Prytania AM
Nile Capital Group has bought a minority stake in a structured credit specialist 

US private credit default rate rose to 1.56% in Q3, Proskauer index reveals
US private credit default rates rose from 1.18% to 1.56% in the third quarter, according to Proskauer’s private credit default index

Hamilton Lane launches evergreen senior credit opportunities fund
Hamilton Lane has launched an open-ended senior credit opportunities fund, named Hamilton Lane Senior Credit Opportunities Fund

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Blackstone 2022 US CLO volumes climb to $6.2 billion after third static CLO
Blackstone Credit priced its third static CLO of the year on Wednesday in a $493.25 million transaction with Citi

Cerberus opts for rare three-year non-call on new CLO
Cerberus Business Finance priced a new middle market CLO on Wednesday, with investors agreeing to a rare call-lock duration of three years

Iron Park finds new parent just 10 months on from Hunter Point investment
General Atlantic says it has agreed to buy credit manager Iron Park Capital Partners with a view to rebranding it as General Atlantic Credit

Sofr away from me – basis puts new CLO triple As in dire straits
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Ares markets new $400 million CLO via Nomura
Ares Management is marketing a new CLO via Nomura, with pricing expected next week

US CLO pipeline: issuance expected to slow as blockages emerge
Only three new deals have been added this week to the list of forthcoming CLOs. The pipeline is suffering from some blockage after only four US CLOs priced last week 

Investment manager launches to finance non-sponsored mid market
A new alternative manager launched Monday with a focus on debt and equity investments in non-sponsored, lower middle market businesses in North America

UK credit spreads rally for Rishi
UK credit spreads have rallied sharply on Monday with the victory of Rishi Sunak in the contest to become the country’s third prime minister of the year

US credit manager builds European CLO business with Bain hire
A Minneapolis-headquartered manager is understood to be building a European CLO platform, adding to the growing number of expected debutants on the continent

KKR extends static CLO streak with second consecutive deal
KKR Credit has priced a second static CLO in a row, pairing with Goldman Sachs on the $435 million deal named KKR Static CLO II

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

Experienced trader leaves BMO
A senior structured credit trader has left BMO Capital Markets

Blackstone collects $4 billion on inaugural private credit green energy fund first close
Investors are big fans of Blackstone's new private credit green energy strategy, which focuses on renewables and energy transition 

Florida manager rides back into CLO market with first new issue in four years
HIG Capital has returned to the CLO market with its first new issue in over four years. The manager priced a $661.5 million middle market CLO named WhiteHorse Principal Lending CLO 2022-1

CLO market responds en masse as Creditflux CLO Census 2022 closes
A massive 388 market participants submitted their answers to the CLO market’s most burning questions as Creditflux’s CLO Census 2022 closed Wednesday night

Marble Point prices first short-duration CLO with three-year reinvestment period
Marble Point Credit Management on Wednesday priced a new CLO, the firm's second new issue deal in 2022