The CLO market reached another milestone in collateral AUM, hitting US$1.5 trillion as at 30 September 2025.
| CLO Manager | Global CLO AUM ($ BN) | US BSL CLOs | US MM CLOs | EU CLOs |
| Total | 1,500.06 | 975.96 | 193.67 | 330.42 |
The next table presents the 30 largest global CLO managers, ranked by their CLO collateral AUM, as at 30 September 2025. Collectively, they represent around 58.4% of the total global CLO collateral AUM of US$1.5 trillion.
Collateral AUM is used rather than CLO liabilities, as liability notionals would otherwise overstate the actual AUM.
If you have any comments on the collateral AUM figures, please email info@clopremium.co.uk.
| CLO Manager | Global CLO AUM ($ BN) | |
| 1 | Blackstone | 57.60 |
| 2 | Carlyle Group | 45.96 |
| 3 | Golub Capital | 44.22 |
| 4 | Redding Ridge Asset Management | 41.27 |
| 5 | UBS AM | 38.81 |
| 6 | Ares Management | 36.76 |
| 7 | CIFC Asset Management | 34.90 |
| 8 | CVC Credit Partners | 32.65 |
| 9 | KKR Financial Advisors | 32.61 |
| 10 | PGIM | 31.78 |
| 11 | Sound Point Capital Management | 31.21 |
| 12 | Benefit Street Partners | 28.13 |
| 13 | Palmer Square Capital Management | 28.06 |
| 14 | Blackrock Financial Management | 27.96 |
| 15 | Bain Capital Credit | 27.15 |
| 16 | Napier Park Global Capital | 26.99 |
| 17 | Onex Credit Partners | 25.25 |
| 18 | Neuberger Berman | 24.73 |
| 19 | Barings | 24.45 |
| 20 | Octagon Credit Investors | 23.59 |
| 21 | Elmwood Asset Management | 23.39 |
| 22 | Blue Owl | 22.93 |
| 23 | AGL Credit | 21.76 |
| 24 | HPS Investment Partners | 21.44 |
| 25 | Anchorage Capital Group | 21.18 |
| 26 | Oak Hill Advisors | 20.87 |
| 27 | Investcorp Credit Management | 20.23 |
| 28 | Nuveen | 20.20 |
| 29 | Voya Alternative Asset Management | 19.75 |
| 30 | WhiteStar | 19.59 |
Deals with trustee reporting dates older than three months are excluded from the calculation.
*First Eagle’s CLO platform has been fully integrated into Napier Park.
Related article:
Full League Table: Global CLO Manager Rankings by Collateral AUM (As at 30 September 2025)
Disclaimers
The information, research, data, research-related opinions, observations, and estimates contained in this document have been compiled or arrived at by CLO Research Group, based upon sources believed to be reliable and accurate, and in good faith, but in each case without further investigation. None of CLO Research Group or its service providers; authorised personnel, or their directors make any expressed or implied presentation or warranty, nor do any of such persons accept any responsibility or liability as to the accuracy, timeliness, completeness, or correctness of such sources and the information, research, data, research related opinions, observations and estimates contained in this document. All information, research, data, research-related opinions, observations, and estimates in this document are in draft form as of the date of this document and remain subject to change and amendment without notice. Neither CLO Research Group nor any of their third-party providers shall be subject to any damages or liability for any errors, omissions, incompleteness, or incorrectness of this document. This article is not and should not be construed as an offer, or a solicitation of an offer, to buy or sell securities and shall not be relied upon as a promise or representation regarding the historical or current position or performance of any of the deals or issues mentioned in it.
