Realised IRRs of Fully Repaid Single-B CLO Tranches by Vintage
June 30, 2026
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A sample of 351 fully repaid single-B tranches is included in this study. Overall, their performance has been very impressive, with an average realised IRR exceeding that of equity tranches. In addition, single-B tranches generally carry lower risk than equity, given their second-loss position in the capital structure.
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