The table below, compiled by CLO Research, lists the 30 largest US CLO managers (BSL +MM), ranked by their US CLO assets under management (as opposed to CLO liabilities), in USD billions as of 31 December 2025. Collateral AUM is used instead of CLO liabilities, as liability notionals would overstate the actual AUM.
| US CLO Manager | CLO AUM ($ BN) as of 31 Dec 2025 | |
| 1 | Blackstone | 43.9 |
| 2 | Golub Capital | 43.9 |
| 3 | Carlyle Group | 36.7 |
| 4 | Ares Management | 32.6 |
| 5 | CIFC Asset Management | 31.5 |
| 6 | UBS AM | 29.8 |
| 7 | Redding Ridge Asset Management | 28.6 |
| 8 | Blackrock Financial Management | 24.5 |
| 9 | Elmwood Asset Management | 23.7 |
| 10 | AGL Credit | 22.9 |
| 11 | Neuberger Berman | 22.6 |
| 12 | Octagon Credit Investors | 22.5 |
| 13 | Blue Owl | 22.2 |
| 14 | Benefit Street Partners | 21.8 |
| 15 | Bain Capital Credit | 21.7 |
| 16 | Sound Point Capital Management | 21.5 |
| 17 | Antares Capital | 20.9 |
| 18 | PGIM | 20.9 |
| 19 | Oak Hill Advisors | 20.6 |
| 20 | KKR Financial Advisors | 20.5 |
| 21 | Napier Park Global Capital | 20.3 |
| 22 | Barings | 20.1 |
| 23 | Onex Credit Partners | 19.7 |
| 24 | Nuveen | 19.7 |
| 25 | Palmer Square Capital Management | 19.0 |
| 26 | AllianceBernstein | 18.0 |
| 27 | Anchorage Capital Group | 16.6 |
| 28 | CVC Credit Partners | 16.1 |
| 29 | Fortress Investment Group | 15.3 |
| 30 | Voya Alternative Asset Management | 15.3 |
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.
