US CLO Manager Report: Ares
US CLO Manager Report: Ares
With loan prices recovering to levels close to those seen before Liberation Day tariffs, a sizable equity BWIC list finally emerged last week after the April payment dates. It featured many high-quality equity tranches managed by top-tier managers such as Oak Hill Advisors, UBS AM, and CIFC.
This article highlights the softer CLO equity bids since late 2024/early 2025 and notes that not all resets are accretive.
Please see the table in this article for a list of EU CLO managers and the trends in their average percentiles since 28 March 2025.
Please see the table in this article for a list of US BSL CLO managers and the trends in their average percentiles since 28 March 2025.