Typically, newer vintage deals tend to be ‘cleaner,’ but apparently, the 2021 EU CLO equity NAV metrics do not look as good compared to those of more seasoned deals (2019-2020).
Another noteworthy aspect that deserves emphasis is the positive dispersion observed in the BB MVOC and equity NAV metrics among the 2022 vintage deals. Specifically, the following deals have demonstrated significant success from the BB MVOC perspective.
