US BSL CLO Managers: Rankings Based on MVOC (BB)
Some of the larger managers in the top quartile include OHA, BSP, Allstate, BlackRock, Golub, and Oaktree.
Some of the larger managers in the top quartile include OHA, BSP, Allstate, BlackRock, Golub, and Oaktree.
Seven EU CLO managers with smaller platforms performed strongly, with most of their deals ranking in the top quintile.
Notably, EU CLO equity NAV metrics surpass those of their US BSL CLO counterparts across all vintages except for 2022 and 2023 deals, despite the latter having considerably more diversified underlying portfolios. In particular, the equity NAV metrics of EU CLOs from the 2013–2014 and 2018 vintages are markedly higher than those of their US counterparts.
Notably, Redding Ridge achieved an impressive feat by pricing three resets on the same day—Friday, 21 March 2025. The last time a manager accomplished something similar was Intermediate Capital Group (ICG), with three reissues in mid-2018, and Alcentra, with three refinancings in early 2021.
Below are tables presenting the MVOC (AAA-B) and EQ NAV of US BSL CLO deals by vintage, based on asset...
A sample of 1,455 US BSL CLO deals (vintage 2013–2023) is included in this study. Deals with a collateral pool...
