Freemium

According to CLO Research’s independent analysis, RRAM has delivered consistently robust results from both equity and debt perspectives. Here’s a set of interview questions from CLO Research, accompanied by responses from Bhavin Patel, Chief Investment Officer of Redding Ridge Europe.

As illustrated in the table below, apart from the single-B tranche, the term structure at the EU CLO AAA level is considerably steeper than that of the other lower rated tranches.

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Since mid-July 2022, when 3M EURIBOR moved into positive territory and began its upward trajectory, the EU CLO primary and...

The recent pricing of Palmer Square CLO 2025-1 marks a fresh milestone in the 2.0 CLO market. The AAA tranche...

Out of the 50 largest US CLO managers, the managers listed below have achieved over 15% growth in CLO AUM over the past year. Notably, Elmwood, Antares, and Generate Advisors have experienced year-on-year growth exceeding 35%.

Since mid-July 2022, when 3M EURIBOR moved into positive territory and began its upward trajectory, the EU CLO primary and...

According to CLO Research’s independent analysis, Golub Capital has delivered consistently strong results from an investment alpha perspective. Specifically, Golub Capital has achieved substantial outperformance relative to the Morningstar LSTA U.S. B/BB Ratings Loan Index on an unlevered basis over the past several years. Below is a list of interview questions from CLO Research, along with responses from Scott M. Morrison, Managing Director and Head of Broadly Syndicated Loans.

Investing in CLO equity demands a thorough understanding of the asset class and a carefully considered strategic approach. As a first-loss investment, it carries inherent risks, but it also offers the potential for substantive returns. The performance of CLO equity investments is influenced by several key factors.

All things being equal, lower mezzanine tranche investors typically prefer to own deals with a higher probability of being reset.

Please refer to the table below for a complete list of EU CLO managers and their assets under management (in billions), as of 30 September 2024. The total EU CLO AUM is approximately EUR 240 million, with a Compound Annual Growth Rate (CAGR) of about 20.29% from 31 December 2017 to 30 September 2024.

Please refer to the table below for a complete list of EU CLO managers and their assets under management (in billions), as of 30 June 2024.

Please refer to the table below for a comprehensive list of US CLO managers, along with their Broadly Syndicated Loans (BSL) and Middle Market (MM) assets (in billions), under US CLO management as of June 30, 2024.

According to LCD News, Barings has announced the liquidation of Barings Euro CLO 2014-2, with the expected redemption date set for July 31. This deal has performed very well, paying an incentive fee to the manager since May 2023.

The recent pricing of the reset of Allstate’s AIMCO CLO 16 saw its WACC tighten by 11 bps, from 184 bps to 173 bps, and its reinvestment period increase by 2.5 years. In fact, its blended WACC based on DM was the tightest year-to-date in the reset and new issue CLO market at the time of pricing.