Ranking US BSL CLO Managers by Equity Performance (Latest)
This study is based on a sample of 1,633 U.S. BSL CLO deals. Static deals are excluded from the analysis.
This study is based on a sample of 1,633 U.S. BSL CLO deals. Static deals are excluded from the analysis.
This study is based on a sample of 1,710 U.S. BSL CLO deals. Among the 112 managers included, twelve delivered strong results, with an average ranking (percentile) of 75th or higher.
Birch Grove CLO 7’s highly accretive reset reduced its WACC by 90.8 bps, from 252.6 bps to 161.8 bps, and extended its reinvestment period by two years. The funding cost savings more than offset the decline in its reported WAS since first reporting—down by around 50.6 bps to the latest figure of 322.3 bps.
Yesterday, three US CLO BB bonds appeared on BWIC (source: SCI), with DMs ranging from 546 to 717, depending on their MVOC and WAL.
This analysis examines a sample of 966 deals currently within their reinvestment periods.
The recent reset of Birch Grove CLO 2 has been accretive, reducing the weighted average cost of capital (WACC) by...
