Key Takeaways
- • The primary source is a 9fin news page index rather than a single article, listing private credit and distressed-debt stories dated 5 to 20 October 2026, not a story titled "Taking the Credit."
- • Aegon Asset Management launched a commingled evergreen fund on 9 October 2026 to give investors access to its "insured credit" strategy, which converts sub-investment-grade debt into high-grade notes.
- • European software leveraged loans are pricing roughly 50bps-75bps wider than before the SaaSpocalypse sell-off, according to 9fin sources, seven months after the sell-off.
- • Credit investors in data center finance are pressing for greater disclosure on construction progress, as materiality debates intensify amid energy bottlenecks, permitting delays and community opposition.
- • Oracle's invocation of a force majeure clause at a major New Mexico data center development has raised concerns among AI infrastructure credit investors.
Summary
Aegon Asset Management launched a commingled evergreen fund on 9 October 2026 to give investors access to its increasingly popular "insured credit" strategy, which turns a range of sub-investment-grade debt into high-yielding, high-grade notes. The launch reflects continued investor demand for structured credit products that offer exposure to lower-rated collateral at higher-rated risk profiles.
In European leveraged finance, software deals are pricing around 50bps-75bps wider than before the sell-off that followed the SaaSpocalypse, according to 9fin sources. The article notes this repricing came roughly seven months after lenders began reassessing their software exposure.
In data center finance, lenders are debating what constitutes a material event, as credit investors demand more disclosure on construction progress. The page cites energy bottlenecks, permitting delays, community opposition and political pushback as risks. Separately, Oracle recently invoked a force majeure clause at a major New Mexico data center development, a development that the page says has made AI infrastructure credit investors more cautious about documentation terms.
The page also references other items, including the University of Nottingham's closure of its music and languages department in October with more than 500 job losses, which it attributed to weak enrolment, and IceLake's sale of Groundbirds, where Ares Management, Castik Capital, Egeria Group, HIG Capital, Inflexion and Rivean Capital advanced to the second round.
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