Highly levered Invesco CLO records stellar final IRR
A 2002 CLO managed by Invesco has jumped into fourth place on our ranking of CLOs by final IRR after it was redeemed last month
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Did all of the equity roll from the original transaction to the refi? Typically, in 2006, that didn't happen. If there wasn't a full roll, it is unfair to look at what is effectively two separate deals together. Either way, many deals were refi'd in '06 and '07 and if this is the standard (looking at combined deals), you should include the predecessor deals for those as well. This deal is a good performer either way...just looking for apples to apples comparison.
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Comment by: Anonymous. Posted 8 years ago [2015-07-10 15:18:05]