Strong Equity Outcomes Ahead for GoldenTree Loan Management EUR CLO 4 and 5
Notices announcing full optional redemptions through liquidation have been issued for GoldenTree Loan Management EUR CLO 4 and EUR CLO...
Notices announcing full optional redemptions through liquidation have been issued for GoldenTree Loan Management EUR CLO 4 and EUR CLO...
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 544 EU CLO deals (vintage 2013–2024) is included in this study. Deals with a collateral pool factor below 60% are excluded.
The recent reset of GoldenTree Loan Management US CLO 15 saw its WACC (AAA–BB) reduced by 72.4 bps, from 225.8 bps to 153.5 bps, while extending the reinvestment period by another two years. The reduction in WACC more than offset the deal’s underlying collateral spread compression of around 53 bps since inception.
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.
Some of the top-performing EU CLO managers include RRAM, Brigade Capital, Guggenheim Partners, Partners Group, and Bridgepoint Credit Management.
