US CLO Manager Report: Neuberger Berman
US CLO Manager Report: Neuberger Berman
US CLO Manager Report: Neuberger Berman
The recent pricing of the second reset of NB CLO 17 was accretive. This reset added 5 years to its reinvestment period and reduced its current WACC from 188 bps to 183 bps. The deal now has a staggering 15 years of reinvestment period based on its primary issue closing date on July 16, 2014. The manager had been successful in keeping the deal invested after the reinvestment end date in April 2022.
May 2024: Summary of CLO Research Insights
The top five managers with the highest number of deals in the top quartile are Oak Hill Advisors, Golub Capital, CSAM, Benefit Street Partners, and Elmwood.
Notably, Oak Hill, CSAM, GoldenTree, Elmwood, and Blackstone stood out with 10 of their deals ranking in the top 20th percentile among their peers.
