Top 15 Largest Global CLO Managers by AUM Revealed
The table below shows the 15 largest global CLO managers, ranked by their CLO assets under management (rather than liabilities), in USD billions as of 31 March 2025.
CLO Research provides independent research and insights on CLOs, offering investors and managers fresh, unbiased perspectives and data to support their decision-making.
The table below shows the 15 largest global CLO managers, ranked by their CLO assets under management (rather than liabilities), in USD billions as of 31 March 2025.
The table below shows the 30 largest US CLO managers, ranked by their US CLO assets under management (rather than CLO liabilities), in USD billions as of 31 March 2025.
Please see the table below for the list of EU CLO managers and their assets under management (billion) as of 31 March 2025 based on Pitchbook and Intex data*. Both CVC Credit Partners and Blackstone have over €10 billion in EU CLO AUM, while KKR and RRAM are now managing close to €10 billion.
Primary and secondary market participants place considerable emphasis on this point-in-time metric, as it plays a key role in pricing CLO-rated tranches. Put simply, CLO debt tranche pricing tends to move in line with the underlying loan market — and MVOC provides a quick gauge of how well the collateral’s market value covers the rated liabilities.
Given the relatively modest management fees, CLO managers—particularly emerging ones—need to continue growing their collateral assets under management, as both...
From a CLO debt perspective, selecting the right manager and deal with higher post-reinvestment period (post-RP) prepayment rates can be...
The single-B tranche is a useful way to increase the leverage of US BSL CLO deals and reduce the amount...
Market Overview: Arbitrage and Performance Metrics As of 28 March 2025, the latest arbitrage metric for US BSL CLOs stood...
Here are the top 7 countries with the highest user activity over the past month.
In the CLO market, AUM growth is a fundamental aspect of the business model, with scale playing a crucial role...
In the ever-evolving landscape of collateralized loan obligations (CLOs), staying informed with the most current insights and analyses is crucial...
February 2025: Summary of CLO Research Insights
This article examines the key factors behind 1.0 US CLO equity outperformance, offering insights that remain highly relevant in today’s market. It also suggests that 2.0 US CLO equity performance is not directly comparable to 1.0 CLO equity, as a few key ingredients appear to be missing.
CLOs are primarily actively managed, and some commonly used deal metrics—point-in-time indicators—can occasionally be misleading. While these metrics can be useful, they should not be considered in isolation. Additionally, combining multiple metrics does not necessarily provide a clearer picture. For example, the weighted average price (WAP) of a CLO portfolio does not measure return performance over time and can be artificially inflated by trading activity. Though WAP is helpful for quick screening, it is not a reliable indicator of whether one manager has outperformed another. The same applies to annual equity distributions—a higher distribution does not necessarily indicate better manager performance. Therefore, combining these two metrics does not necessarily offer a more accurate assessment of a manager's performance.
January 2025: Summary of CLO Research Insights
