Assessing the Hiatus in New Issue Pricing by US CLO Managers

As of December 31, 2023, a notable proportion of the 135 managers, each handling over $0.7 billion in US CLO AUM, have been inactive in pricing new issue deals. Specifically, around 40% of these managers have not priced a primary deal in the last six months. In addition, a quarter of them have not engaged in such pricing for over a year, while approximately 15% have remained inactive in this regard for the past two years.

Related article:

League Table: US CLO Manager AUM (as of 31 December 2023)

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