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Review: The Reset of KKR CLO 29

KKR CLO 29, managed by KKR, was recently reset. The performance of this 2021 vintage deal from an MVOC perspective was solid, with an MVOC (BB) of over 106.5% before the reset, placing it in the top quartile for that vintage. Had the deal been fully redeemed instead of reset, the equity tranche would have achieved…

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