2018 US CLOs: CLO Equity (“Amortized”) Price Vs Latest Equity NAV (Freemium)

2018 US CLOs: CLO Equity (“Amortized”) Price Vs Latest Equity NAV 2018 vintage deals are a good vintage from funding (costs of liabilities) perspective. This article explores the gap between the target (“amortized”) CLO equity tranche price needed to get to 12% IRR (assuming an issue price of $95) and their latest CLO equity NAV….