Tag Archives: clo equity performance

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.

A sample of 591 EU CLO deals is used in this study. Among the 65 managers, six managers’ deals ranked, on average, within the top 20% across vintages.

This study is based on a sample of 1,711 U.S. BSL CLO deals. Deals that were called before May 2025, along with static deals, are excluded from the analysis.

This study is based on a sample of 1,712 U.S. BSL CLO deals. Diameter, OHA, and GoldenTree have delivered solid equity performance. In terms of AUM and performance, managers with over USD 10 billion in AUM outperformed their peers. For example, larger managers recorded a median performance percentile of 56th, compared with 43rd for mid-sized managers and 40th for those with smaller CLO platforms.

Based on a detailed review of 596 EU CLO deals, this study highlights which managers have delivered standout equity results across vintages. Redding Ridge AM and Bridgepoint Credit lead the way, with several others also ranking in the top quartile. Out of the 596 deals in the sample, 251 adopt a vertical risk retention structure and 345 a first-loss risk retention structure. Overall, first-loss deals have outperformed their vertical counterparts. For instance, the median vertical equity tranche ranks at the 46th percentile, compared with the median first-loss equity tranche at the 54th percentile. Twenty-eight EU CLO managers have both vertical and first-loss deals under management. Of these, 18 saw their first-loss deals outperform their vertical deals on average, while 10 experienced stronger performance from their vertical deals.

This analysis examines a sample of 1,456 deals currently within their reinvestment periods.