The recent reset of Madison Park Funding LIX, managed by CSAM, is accretive as the WACC remains largely the same at around 191-192 bps before and after the reset. Additionally, this deal has been extended by approximately 4.3 years, and its equity notional has increased by $11.18 million.
This study includes a sample of 603 seasoned deals that have concluded their reinvestment periods. Notably, CSAM has stood out as the most successful all-weather manager, consistently delivering good returns to equity investors. If you’re interested in learning about the pricing for premium content, please don’t hesitate to email me at info@clopremium.co.uk.
At least 69 deals have been redeemed or paid off since October 2023.
A sample of 409 deals (2015–2019* vintage deals) is included in this study. The benchmark loan index used is the...
Despite this setback, CSAM made a strong recovery and, since August 2021, has outperformed its peers thanks to above-average metrics for MV and interest return alpha as shown in the second graph.
Gain invaluable insights from this updated article, which explores the equity internal rates of return (IRRs) of over 500 US CLO deals. It highlights managers who have adeptly handled these deals, demonstrating equity IRRs exceeding the 12.0% threshold.
