US CLO Equity IRRs: Deals Redeemed Year-to-Date
Please find below the estimated US CLO equity IRRs of a sample of 117 US CLO deals that were redeemed in 2024 year-to-date, categorized by vintage. An issue price of $95 is assumed.
Please find below the estimated US CLO equity IRRs of a sample of 117 US CLO deals that were redeemed in 2024 year-to-date, categorized by vintage. An issue price of $95 is assumed.
As shown in the table below, across all issuance years, the median IRRs of EU CLO equity tranches were higher than their corresponding median BB tranches. However, BB tranches tend to exhibit a more stable IRR profile and demonstrated better IRR performance at the 25th percentile for deals from 2015, 2016, 2017, 2018, and 2022.
As shown in the tables below, deals from the 2013, 2021, and 2023 vintages saw higher IRRs for their equity tranches compared to their BB tranches.
Please find below the estimated US CLO equity IRRs of a sample of 66 US CLO deals that were redeemed in Q2 2024, categorized by vintage. An issue price of $95 is assumed.
Based on 558 post-2012 US CLO deals that have been redeemed or paid off so far, those from the 2014 and 2018 vintages performed the worst. However, the sample size for the 2018 vintage deals is still relatively small. Deals from the 2020 and 2022 vintages performed the best, with median deals registering IRRs of...
At least 69 deals have been redeemed or paid off since October 2023.
