Given the relatively modest management fees, CLO managers—particularly emerging ones—need to continue growing their collateral assets under management, as both senior and subordinated fees are calculated based on AUM.
In Europe, several emerging managers have successfully expanded their EU CLO AUM to over €1 billion since pricing their first deal in 2023.
As of 31 March 2025, notable examples include Arini Capital Management with over €2 billion in AUM, Sona Asset Management with €1.8 billion, Signal Capital with €1.7 billion, Canyon Capital with €1.4 billion, M&G Investment Management with €1.2 billion, and CarVal CLO Management with €1.3 billion.
For a full list of 71 EU CLO managers and how their EU CLO AUM has evolved since 31 December 2017, registered Freemium users can access the full report here.
EU CLO Managers: Collateral AUM Trends (31 Dec 2017 – 31 Mar 2025)
If you’re an *investor*, we invite you to register with us using your business email address to gain complimentary access to our freemium content.
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.
