Latest MVOC-Based Rankings and Trends: EU CLO Managers
Please see the table in this article for a list of EU CLO managers and the trends in their average percentiles since 28 March 2025.
Please see the table in this article for a list of EU CLO managers and the trends in their average percentiles since 28 March 2025.
Please see the table in this article for a list of US BSL CLO managers and the trends in their average percentiles since 28 March 2025.
Market Value Over-Collateralization (MVOC), for instance, at the BB tranche level, is calculated by dividing the collateral market value (MV) by the sum of CLO liabilities (AAA to BB). MVOC is a crucial point-in-time metric for pricing CLO-rated tranches, closely monitored by primary and secondary market participants.
Market Value Over-Collateralization (MVOC), for instance, at the BB tranche level, is calculated by dividing the collateral market value (MV) by the sum of CLO liabilities (AAA to BB). MVOC is a key point-in-time metric for valuing CLO-rated tranches, widely tracked by participants in both primary and secondary markets.
A total of 317 US BSL CLO deals are now showing a negative equity NAV, including 95 deals from the 2018 vintage. Among single-B tranches, 169 out of 411 deals—or 41%—have an MVOC below par.
The timing of the current market volatility is particularly challenging for many seasoned deals, which had already been impacted by successive waves of loan repricing and are now facing renewed pressure on NAVs.
