TPG, Temasek take minority stake in private credit interval fund pioneer Cliffwater
Cliffwater has nearly USD 28bn in its flagship private credit interval fund, the largest in the US

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

TPG Angelo Gordon raises nearly USD 2bn for private credit strategy
TPG Angelo Gordon has raised USD 1.82bn so far for its private credit fund called TPG AG Credit Solutions Fund III which is targeting USD 4.5bn in commitments
   

TPG Twin Brook raises nearly USD 4bn for fifth direct lending fund
TPG Twin Brook has revealed the close of its fifth direct lending drawdown fund — TPG AG Direct Lending Fund V

Private credit fundraising continues as two new funds launch
Private credit funds continue to see growth with two new US funds launching this week.

TPG buys Angelo Gordon for $2.7 billion
TPG has entered into an agreement to buy Angelo Gordon in a cash and equity deal valued at around $2.7 billion, the firm has announced

TPG in talks to buy Angelo Gordon: Bloomberg
The deal marks the private equity firm’s first foray into credit since parting ways with its credit arm Sixth Street in 2020

US reset basis follows Europe as Sixth Street CLO hits benchmark for triple As
Sixth Street Partners has brought five-year CLO spreads down to just 112 basis points over Libor

TPG spins off credit arm Sixth Street
TPG has officially split from its credit arm TPG Sixth Street Partners, following talks with respective investors earlier this year

PE firms look to go it alone as credit units reach maturity
Private equity firms are starting to weigh up the merits of housing private debt businesses, with TPG Capital the latest to contemplate splitting with its credit business TPG Sixth Street. It follows EQT Capital, which announced a strategic review in January centred on parting ways with its credit unit.

CLO market celebrates Valentine's Day by romancing with resets
Refinancings have been the talk of the month in the CLO market, but this Valentines day saw managers turn their minds to resets

Second TPG CLO tranche drops to triple C in just three weeks after Moody's downgrade
Moody’s has downgraded a second tranche of a CLO managed by TPG to Caa1 citing par loss

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

TPG in talks to split from credit arm TSSP - media reports
Private equity firm TPG is in talks to split with its credit arm TPG Sixth Street Partners, according to media reports, with TPG considering looking to launch and build out its own internal credit platform

Brigade set to price new US CLO today with triple As subject at 135bp
At a time when spreads are contracting, the senior triple As in Brigade Capital Management's upcoming CLO are subject at 135 basis points, some 5bp wide of the market average in 2020

CLO triple As drop to 128bp as TICP prices
US CLO triple A spreads have jumped tighter with TPG Instiutional Credit Partners pricing senior CLO liabilities at 128 basis points yesterday

TPG makes European direct lending hire from Investec
TPG Sixth Street Partners has bolstered its UK and European direct lending opportunities team with a hire from Investec 

Moody's downgrades tranche from reissued 2018 CLO to triple C citing par loss
Moody's has downgraded a tranche of a CLO reissued in 2018 to triple C, the rating agency said in an announcement

TPG CLO points to tighter pricing across all ratings bands
TPG Capital has launched a new issue CLO via JP Morgan, with price talk pointing to tighter CLO liability pricing heading into the new year

TPG Sixth Street hits $2.2 billion hard cap for fund geared to growth-companies
TPG Sixth Street Partners' new fund has allocations to growth debt, structured equity and stapled solutions (a hybrid financing structure that combines structured equity and growth debt)

US CLO round-up: summer blues don’t weigh on the issuance parade
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings.

TICP prices $402.35 million CLO via Citi
TICP has priced its second new issue CLO of 2019 after teaming up with Citi, according to market sources

CLO pipeline: US takes up baton after European July sprint
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.

US CLO b-wic round-up: secondary volumes reach new heights with equity lagging
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest

TICP cuts triple A spread down to 120bp in refi of 2016 CLO
TICP yesterday cut the funding costs of a 2016 vintage CLO by 38.74 basis points via refinancing