Embracing
complexity
Tetragon Credit Partners is a structured credit investing business focused on control CLO equity as well as a broader series of offerings across the CLO capital structure.
“We embrace the complexity inherent in CLO investing, from identifying and working with leading loan managers to securing structural enhancements which may support returns and provide protections in times of stress.”
Firm highlights
- Highly experienced investment team
- Consistent cash generation across varied credit cycles
- Active focus on CLO structuring and portfolio design
- Technology-focused analytical and research systems
Our history
In 2005, the principals of Tetragon Credit Partners were part of the founding team of Tetragon Financial Group Limited, a publicly-listed closed-ended investment company which was originally focused on control CLO equity investments. In 2015, the team launched Tetragon Credit Partners to manage Tetragon and third-party capital.
Meet our investment team
In the news
Op-Ed: In 2025, CLO issuance remained strong, despite LMEs, defaults and tariffs. Next year should be similar, if managers don’t become complacent
Dagmara Michalczuk, Creditflux, December 2025
December naturally invites reflection — it’s a chance to look back on the past 12 months and ahead to the coming year. It’s also an opportunity to take stock of what worked, what didn’t, and what the markets taught us. Viewed through this lens, several themes stand out for the loan and CLO markets.
Read moreOp-Ed: As the US courts become more involved, the number of aggressive LMEs should decrease
Dagmara Michalczuk, Creditflux, November 2025
Over the past decade, the US loan market has witnessed a troubling rise in adversarial liability management exercises (LMEs), creating cracks in the traditional foundations of corporate lending.
Read moreOp-Ed: Psychology was a factor in managers’ reluctance to sell out of First Brands
Dagmara Michalczuk, Creditflux, 20 October 2025
As investors we aim to be rational, but these testing times warrant a look at CLO manager decision-making through the lens of behavioural finance, which seeks to explain why investors may sometimes make sub-optimal decisions.
Read moreOp-Ed: As the US CLO market grows, lower quality loans and increased volatility create new challenges
Dagmara Michalczuk, Creditflux, 23 September 2025
As we turn the page on summer, it is natural to pause to consider the road US CLOs have travelled thus far. This being my first column, it also seems apt to reflect on the evolution of the asset class over the past 20 years — not as a sentimental walk down memory lane, but as a prologue for understanding my views of the forces shaping the markets today.
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