CLO Musings
The CLO market has reached yet another milestone in terms of collateral AUM, surpassing US$1.5 trillion as at 30 September...
The CLO market has reached yet another milestone in terms of collateral AUM, surpassing US$1.5 trillion as at 30 September...
While primary issuance volumes are on track for another record year, recent secondary trading colour points to a more challenging...
With idiosyncratic risks continuing to erode collateral value, Redding Ridge Asset Management, GoldenTree Asset Management, Bridgepoint Group, Partners Group, and Napier Park remain among the leading EU CLO managers in terms of MVOC performance, reflecting their stronger collateral preservation relative to peers.
This study is based on a sample of 1,710 U.S. BSL CLO deals. Among the 112 managers included, twelve delivered strong results, with an average ranking (percentile) of 75th or higher.
As at 16 December 2025, the latest arbitrage metric stood at 255 bps, broadly in line with the level observed in January 2025. However, the current backdrop is less favourable than it was in late January.
The US CLOs’ overall exposure to the SonicWALL term loans is at around USD 621 million. As of 17 December 2025, 440 US CLO deals (from 23 managers) reported an average deal-level exposure of around 37 bps.
