Recently, CLO Research published an overlap optimisation model covering almost all outstanding US BSL, middle-market and EU CLO deals. Users can use the model to optimise their CLO investment positions and minimise overlap risk.
As at 30 June 2026, total European CLO collateral AUM stood at €309.1bn. The three largest managers were CVC Credit Partners, Blackstone and Redding Ridge Asset Management, each managing more than €11bn of European CLO collateral.
The comparison between manager MVOC rankings and US CLO new-issue pricing since July 2026 reveals a mixed relationship. Some managers with stronger MVOC rankings, including CVC , Benefit Street Partners, CIFC and OCP, generally achieved strong pricing across the capital structure. But the relationship is far from consistent, as illustrated by the table in this article...
Overall, the results suggest that EU CLOs experienced lower portfolio loss and default rates than their US BSL counterparts.
A sample of 667 EU CLO deals is used in this study. Called deals and static deals are excluded from the sample.
A sample of 667 EU CLO deals is used in this study. Called deals and static deals are excluded from the sample.
