EU CLO Manager Report: Brigade
The manager displayed resilient MV alpha performance in the time following the loan market crash of late March 2020.
The manager displayed resilient MV alpha performance in the time following the loan market crash of late March 2020.
If this deal is reset, the original Class E and F tranches are estimated to achieve IRRs of 7.7% and 10.5%, respectively. The manager has done a good job of preserving the principal value of the collateral pool.
The recent reset of Armada Euro CLO II, managed by Brigade Capital Europe, was an interesting one. This deal had...