Rankings of US CLO Managers by CLO Equity IRR Performance (Updated)
The top performers include Oak Hill Advisors, UBS AM, Oaktree Capital Management, Palmer Square Capital Management, and Benefit Street Partners.
The top performers include Oak Hill Advisors, UBS AM, Oaktree Capital Management, Palmer Square Capital Management, and Benefit Street Partners.
Looking at BSL CLO BB tranches traded via BWIC between 27–29 October and 3–6 November 2025, the tables below summarise the benchmark* and non-benchmark DM cover levels, categorised by MVOC and reinvestment period. Comparing some of the top-tier bonds with reinvestment periods ending in 2029–2030 and MVOCs between 106 and 107h on 27 October and 6 November, the market appears stable, with little change observed.
Yesterday saw several US BSL CLO and EU CLO equity tranches from the 2018–2021 and 2024 vintages trade in the secondary market.
Yesterday saw a nice line-up of BB tranches traded, each with a notional of one million, providing useful pricing colour....
Reset tranches have notably outperformed their non-reset counterparts, with a median outperformance of approximately 5–6 percentage points.
On 15 October 2025, several single-B tranches traded with cover bids ranging from 825 DM to 1,001 DM, and MVOCs ranging from 102h to 105h.
