EU CLO Manager Report: Blackstone
This study examines a sample of 218 deals from 2015 to 2019, utilising the Morningstar European Euro-Denominated Loan Index as the benchmark loan index.
This study examines a sample of 218 deals from 2015 to 2019, utilising the Morningstar European Euro-Denominated Loan Index as the benchmark loan index.
Edmondstown Park CLO, managed by Blackstone and arranged by BNPP, has performed exceptionally well, with an expected net equity IRR exceeding 32%, based on an assumed issue price at par.
US CLO Manager Report: Blackstone
The recent reset of Blackstone-managed Bear Mountain Park CLO was highly accretive, reducing its WACC by around 77 bps from...
The top managers with the highest number of deals in the top quartile are Oak Hill Advisors, Golub Capital, CSAM, Benefit Street Partners, Sixth Street, Elmwood, CVC, Blackstone, and Blackrock.
In the 2.0 CLO landscape, it is quite uncommon to see very high cash-on-cash equity distributions. However, 42 regular reinvesting US BSL CLO deals have distributed impressive cash payments to their equity investors, with annualized payments of around 25% or more so far this year.
