Alternative Credit Investor

Franklin Templeton has launched a collateralised loan obligation (CLO) exchange-traded fund (ETF) investing across US and European markets. The fund, named Franklin BSP CLO ETF (YCLO), will invest in investment-grade CLO debt tranches, the asset manager said. The ETF will be managed by Franklin Advisers, with sub-advisory services provided by Benefit Street Partners (...

Deerpath Capital Management has reset a $452.61m (£336.5m) collateralised loan obligation (CLO). The reset of the CLO, named Deerpath 2024-1, is the firm’s first since its launch in April 2024 and its first transaction of the year. With this transaction, Deerpath has issued a total of 18 CLOs since 2018, amounting to approximately $7.8bn in […]

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Neuberger Specialty Finance, Blue Owl Capital, Hercules Capital and Liquidity have backed AI-native software platform Perk, with a $300m (£223.03m) private credit facility. Perk is an AI-native travel and spend management platform, which embeds AI features onto legacy software. The investment comes as scrutiny of software business models has intensified, with private ...

Golub Capital has appointed Pascal Steiner as a director in its Abu Dhabi office as the firm looks to strengthen its presence in the Middle East and expand its private wealth investor base. The New York-headquartered private credit manager, which oversees $90bn (£66.9bn) in assets, said Steiner will focus on expanding the firm’s private wealth […]

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Asset-backed finance (ABF) and specialty finance are expected to lead private credit growth in the coming years, ahead of corporate direct lending, according to a recent survey by Oxane Partners. The research, titled Compass 2026, found that private credit remains firmly positioned for growth, with 83 per cent of respondents expecting assets under management to […]