US BSL CLO Managers: Top-Tier CLO Equity Performance Based on Deals Beyond Their RP
This study includes a sample of 439 seasoned deals that have concluded their reinvestment periods.
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This study includes a sample of 439 seasoned deals that have concluded their reinvestment periods.
This analysis reviews a sample of 1,467 US BSL CLO deals from the 2012 to 2022 vintages, encompassing both deals still within their reinvestment period (RP) and those that have exited it.
This analysis examines a sample of 979 deals currently within their reinvestment periods.
The equity tranche IRRs for 2.0 US CLO deals by vintage are summarised in the table below, based on a sample of 619 fully redeemed deals from the 2012–2020 vintages. An issue price of $95 has been assumed, with residual values and incentive fees factored into the IRR calculations. The final equity NAV includes both the last equity distribution and accrued interest.
A sample of 15 deals managed by the manager closed between 2015 and 2019 is included in calculating its alpha metrics. Examining the average metrics for 2024 and 2023, KKR outperformed its peers...
US CLO Manager Report: Oak Hill Advisors (OHA)
US CLO Manager Report: Elmwood Asset Management
US CLO Manager Report: Investcorp
US CLO Manager Report: GoldenTree AM
US CLO Manager Report: CSAM
US CLO Manager Report: Golub Capital
US CLO Manager Report: CIFC
US CLO Manager Report: Blackstone
US CLO Manager Report: PGIM
US CLO Manager Report: Sixth Street
