Where the Risks Sit: CLO Manager Exposure to Challenging Credits
Please see below a selection of articles highlighting manager-level exposure to some of the more challenging credits.
Please see below a selection of articles highlighting manager-level exposure to some of the more challenging credits.
US CLOs’ aggregate exposure to the Skopima Consilio Parent LLC term loan is approximately USD 1.365 billion, placing it among the top 200 holdings across all US CLOs. As of 5 February 2026, 799 US CLO deals, managed by 55 managers, reported an average deal-level exposure of around 47 bps.
US CLOs’ overall exposure to Smartbear Software term loan is approximately USD 428.3 million. As of 5 February 2026, 249 US CLO deals, managed by 14 managers, reported an average deal-level exposure of around 36 bps.
US CLOs’ overall exposure to Kofax term loan is approximately USD 567 million. As of 3 February 2026, 294 US CLO deals, managed by 21 managers, reported an average deal-level exposure of around 48 bps.
EU CLOs’ overall exposure to ACR I BV TL is approximately EUR 146.9 million. As of 30 January 2026, 76 EU CLO deals, managed by 11 managers, reported an average deal-level exposure of around 52 bps.
EU CLOs’ overall exposure to KronosNet CX Bidco is approximately EUR 436.9 million. As of 30 January 2026, 136 EU CLO deals, managed by 18 managers, reported an average deal-level exposure of around 86 bps.
