Final Post-2012 US CLO Equity IRRs: NAV vs Annual Distributions
The final IRR of a 2.0 CLO equity tranche very much depends on the final equity NAV realisation. There are 20 US CLO managers with at least one deal registering an IRR of over 15%.
Independent, clear, and trusted — CLO Research Group provides actionable insights for CLO debt and equity investors.
The final IRR of a 2.0 CLO equity tranche very much depends on the final equity NAV realisation. There are 20 US CLO managers with at least one deal registering an IRR of over 15%.
For the first time in many months, the median CLO equity NAV metrics are positive across vintages.
Tracking the below 80/70/60 price buckets at the CLO underlying collateral level is useful as it highlights the tail risk of the...
The table below shows the latest industry overweight/underweight for each seasoned manager based on a sample of 309 seasoned deals...
Tracking the below 80/70/60 price buckets at the CLO underlying collateral level is useful as it highlights the tail risk of the...
One would expect that performance dispersion across managers would be more pronounced in the second half of 2022 given the loan market volatility, but the actual performance range across EU CLO managers...
The tables below show the EQ NAV metrics of US BSL CLO and EU CLO deals* by vintage based on...
The following table shows the average below 80 and 70 price buckets by manager based on asset prices as of 13 Jan 2023.
The following table shows the average below 80 and 70 price buckets by manager based on asset prices as of 13 Jan...
The tables below show the median MVOC and EQ NAV of US BSL CLO and EU CLO deals* by vintage...
Tracking the below 80 price bucket at the CLO underlying collateral level is useful as it highlights the tail risk of the...
The following table shows the average below 80 price bucket by manager based on asset prices as of 6 Jan 2023.
The following table shows the average below 80 price bucket by manager based on asset prices as of 6 Jan 2023.
CLO equity and lower mezz tranches are more exposed to idiosyncratic risk. Generally speaking, deals with a bigger below 70 price...
Please see the table below for the list of EU CLO managers and their assets under management breakdown by reinvestment...