US CLO Manager Report: Irradiant Partners
US CLO Manager Report: Irradiant Partners
US CLO Manager Report: Irradiant Partners
In the 2.0 CLO landscape, it is quite uncommon to see very high cash-on-cash equity distributions. However, 42 regular reinvesting US BSL CLO deals have distributed impressive cash payments to their equity investors, with annualized payments of around 25% or more so far this year.
At least 69 US CLO deals have been redeemed or paid off since October 2023. Impressively, two static deals from the 2022 vintage—KKR Static CLO 2, managed by KKR, and Stratus Static CLO 2022-1, managed by Blackstone...
The reset of RAD CLO 16, managed by Irradiant, was very much expected given its high Weighted Average Cost of...
AAA tranches may not be as intriguing as mezzanine and equity tranches in terms of their risk profile, yet they...
