July 2025

Listen to the latest episode of Credit Exchange with Lisa Lee

Browse more Creditflux newsletters

Global credit funds & CLO's

July 2025 • Issue 277

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

Creditflux is an

company

July 2025 • Issue 277

Global credit funds & CLOs

News

Rich fees help pull in growing crowd of CLO debutants

Octaura trading platform secures funding boost

First actively-managed direct lending CLO in Europe sets template for others to follow

‘CLOs are strategic, all-weather investments’

Proposals for European SRT labelled ‘relentlessly positive’ for small banks and insurers

US challenges keep number of CLO hopefuls similar across Atlantic

ESG in private credit continues in the US, but not without significant difficulties

Managers sweeten deals on US captive CLO equity funds to get investors in the door

News in brief

$2.4bn

The total value of four US CLO resets priced by Golub Capital across three days in June

230

Resets priced in the first half of 2025, a decade after their invention

$1.0tn

The total size, in round terms, of PGIM’s credit platform after its reorganisation

€425m

Polus’s first close for its third CLO equity fund was one of Europe’s largest raises to date

Analysis

Opportunity in CLO double B tranches

‘It’s rare something is both issuer and investor friendly’

Data

Fund performance

Credit hedge funds

Credit funds at a glance

CLOs at a glance

THEY SAID IT

One Big Beautiful Bill Act

There will be debates about whether this year’s US budget reconciliation bill is beautiful. But no doubts that it is big. Budget reconciliation bills have become monsters, stuffed with legislation, since they only require a majority to pass the Senate, rather than the 60-vote supermajority needed to bypass a filibuster.

Opinion

DUNCAN SANKEY

If Donald Trump causes a collapse in equity prices, IG credit should be a safe haven

THOMAS MAJEWSKI

Differences in scale and sector exposure mean US and European CLOs offer different risks and rewards

Randy Schwimmer

Public and private credit may be converging — but the differences are still important

Events

Debtwire Private Credit Forum Europe

Feeling positive about European private credit

Women in CLOs

Sweet smell of success