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A sample of 1,998 US BSL CLOs and 370 US MM CLOs is used to provide the latest snapshot of various collateral quality metrics by quarterly vintage. Deals with a collateral pool factor of less than 80% are excluded from the analysis.
A sample of 659 EU CLO deals is used to provide the latest snapshot of various collateral quality metrics. Deals with a collateral factor of less than 80% are excluded.
US CLOs’ overall exposure to Guggenheim Partners term loans is approximately USD 1.02 billion. As of 20 August 2026, 745 US CLO deals, managed by 47 managers, reported an average deal-level exposure of around 29 bps.
EU CLOs: A Look at Recent Reset Pricing
US BSL CLOs: Thoughts on Recent Reset Pricing
US vs EU CLO Resets: Comparing Tranche Pricing Across the Capital Structure
A sample of five top-tier CLO deals is used as a proxy for a new-issue CLO portfolio. The combined loan portfolios are rebalanced monthly, with loans priced below 92 excluded. On the liability side, the tightest DM in each week is identified, and the average of three such weekly observations is used as the monthly benchmark DM.
A sample of six top-tier CLO deals is used as a proxy for a new-issue CLO portfolio. The combined portfolios are rebalanced monthly, with loans priced below 92 excluded. On the liability side, the tightest DM in each week is identified, and the average of three such weekly observations is used as the monthly benchmark DM.
Yesterday saw a relatively long list of US and EU CLO BB bonds on BWIC according to SCI’s BWIC data, providing an interesting comparison between the two markets, particularly in terms of MVOC, extension risk and secondary-market DMs.
Bain Capital Euro CLO 2018-1 was issued in 2018, with very tight pricing on its senior tranches.
A sample of 1,629 US BSL CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 55% are excluded.
A sample of 542 EU CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 60% are excluded.
A sample of 2,716 floating-rate US CLO single-A-rated tranches is included in this study. The first table presents the realised IRRs of single-A-rated BSL CLO tranches by vintage and issuance type (primary, refi, and reset), while the second table provides the corresponding IRR breakdown for middle-market CLO tranches.
A sample of 1,627 US BSL CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 55% are excluded.
A sample of 540 EU CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 60% are excluded.
