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Latest news:

  • CLO lawyer cleans up at the Debtwire poker table
  • BlackRock prices unusual single-tranche static CLO
  • PGIM makes credit secondaries push, eyes mid-market deals
  • CLO manager rankings by AUM – FY 2025
  • First Brands CEO Patrick James indicted on charges of defrauding lenders
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  • LACERS stalls private credit consultant renewal, Connecticut system issues RFP
  • Crescent eyes move into CLO management in Europe
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  • AAAs must tighten further to make CLO equity appealing – Clarion
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  • Europe Debt Exchange Report – 3Q25
  • Saks gets 10-member unsecured creditors committee, including Chanel and Amazon.com
  • Blackstone exits GP stakes position in Marathon after CVC buyout
  • Investec raises EUR 600m for oversubscribed private debt fund
  • We’re looking at a multi-year M&A uptick – Morgan Stanley head of private credit and equity David Miller
  • Cadwalader eyes CLO comeback post-merger
  • BlackRock TCP’s BDC waives Q4 fees, anticipating NAV drop
  • First Brands seeks to extend plan exclusivity to 22 April in 'massive, complicated' bankruptcy
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December 2025  See other issues

Top Story

London calling

For the final issue of 2025, the Creditflux magazine casts its eye toward London, the capital of European private credit, and looks at how the asset class took shape in the UK and elsewhere in Europe...

Funds

  • Credit funds take aim at clubs and many other sports assets
  • Private credit managers throw open warehouses for cash-strapped PE firms
  • Blue Owl’s unwise BDC merger rekindles liquidity risk worries
  • Fund performance – October 2025
  • Credit funds at a glance – November 2025
  • Credit hedge funds – October 2025

CLOs

  • London calling
  • ‘In 2026 we will see data-centre term loans’
  • ‘In 2023, we announced EARN would buy CLOs’
  • News in brief
  • CLO secondary dynamics – November 2025
  • CLOs at a glance – November 2025

Comment

  • BSL markets again demonstrated their fundamental resilience
  • CLO equity has an 11-year track record of consistent mid-to-high teen returns
  • Huge lending from banks to private credit could cause systemic problems

Analysis

  • Direct lending poised to break records but...
  • Can funds find pots of gold in Europe?
  • How direct lending took off in Europe
  • ABF: the new frontier for private credit in Europe

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