March 2026

Listen to the latest episode of Credit Exchange with Lisa Lee

Browse more Creditflux newsletters

Global credit funds & CLO's

March 2026 • Issue 284

Published in London & New York 10 Queen Street Place, London 1345 Avenue of the Americas, New York

Creditflux is an

company

Creditflux-cover_March_flowers_image-with-bleed-V2

March 2026 • Issue 284

Global credit funds & CLOs

Optimism and pessimism hand-in-hand

As we go to press a few days after the start of the war in Iran, financial markets are fragile. We are “on a knife edge, waiting to see if Iran does a deal or if we’re in this for longer”, one investor told me. In the interim, the conflict appears to be escalating and stoking fears of spikes in energy prices and inflation.

In this issue, we address the credit markets’ shift to a negative tone. But there’s still much optimism. More CLO managers are launching. We spoke to 10 at various stages of starting up a business. Large investors like CalPERS and Singapore’s GIC are taking a flexible approach that may drive capital to private markets. We also have secondary market data from KopenTech and European direct lending rankings from Debtwire.

Lisa Lee

Managing editor