Please see the table below for the top 10 largest EU CLO managers and their collateral AUM trends since 2017 (rather than CLO liabilities), based on data from PitchBook and Intex.
Yesterday saw several US BSL CLO and EU CLO equity tranches from the 2018–2021 and 2024 vintages trade in the secondary market.
The table below presents the collateral AUM notionals, categorised by vintage, for each EU CLO manager, based on deals priced on or before 30 September 2025.
The table below provides the full list of 71 EU CLO managers and their collateral AUM trends since 2017. Collectively, they oversee a total of €281 billion in CLO collateral assets under management (rather than CLO liabilities) as at 30 September 2025.
Yesterday saw a nice line-up of BB tranches traded, each with a notional of one million, providing useful pricing colour....
The table below presents the collateral AUM notionals, categorised by vintage, for each US BSL CLO manager, based on data as at 30 September 2025.
The table below presents the full ranking of US BSL CLO managers by collateral AUM, based on data as at 30 September 2025.
The table below lists the 30 largest US BSL CLO managers, ranked by their US CLO collateral AUM (as opposed to CLO liabilities), in USD billions as of September 30, 2025. Collateral AUM is used instead of CLO liabilities, as liability notionals would overstate the actual AUM.
Reset tranches have notably outperformed their non-reset counterparts, with a median outperformance of approximately 5–6 percentage points.
Below are tables presenting the MVOC (AAA-B) and EQ NAV of US BSL CLO deals by vintage, based on asset prices as of 27 October 2025.
A sample of 541 EU CLO deals (vintage 2013–2024) is included in this study. Deals with a collateral pool factor below 60% are excluded.
A sample of 1,605 US BSL CLO deals (vintage 2013–2024) is included in this study. Deals with a collateral pool factor below 55% are excluded.
Below are tables presenting the MVOC (AAA-B) and EQ NAV of EU CLO deals by vintage, based on asset prices...
The top performers include Oak Hill Advisors, UBS AM, and Oaktree Capital Management.
Yesterday saw two seasoned EU CLO BB tranches on BWIC. Both were DNT, though price colour was disclosed.
