Please enter a search term below

Search results

10 results found Showing page 1 of 1

  • How many CLOs will be reset?
    Tightening liability spreads aren’t just driving record new CLO issuance this year — they’re also triggering a wave of resets and refinancings in the US, especially for broadly syndicated CLOs

    1 month ago
  • What CLO investors really need to know
    From the drivers of CLO performance to cashflow modelling, these are the seven things every CLO equity investor needs to know. This article is an extract from Dealscribe and CLO Research’s guide What CLO Equity Investors Need To Know

    4 months ago
  • European CLOs win out against US deals
    Last month, our analysis explored the performance of US CLOs that were previously reset. We found that they delivered higher distributions than deals which weren’t reset, with the exception of the 2017 and 2018 vintages (Creditflux September 2023 — Do resets help CLOs perform better?). This article expands that analysis to the European market, and compares the performance of US BSL and EU CLO equity tranches.

    6 months ago
  • Not every CLO can be a winner
    The CLO industry has undeniably performed well enough to justify the plaudits it receives. But there will always be some unloved CLO tranches that slip into triple C territory

     

    1 year ago
  • Arb work pays off
    With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen  

    2 years ago
  • Tracking down the credit industry’s original winners
    All winning managers at the first Creditflux awards survived the crisis, under their own names – like BlackRock – or under new owners. But what happened to the people who collected the trophies?
     

    5 years ago
  • Synthetic CDOs seek to follow CLOs
    Growing issuance, interest in longer maturities and the emergence of a secondary market are encouraging dealers to believe that bespokes are on the road to acceptance. By Sayed Kadiri

    6 years ago
  • Who predicted $145 billion of issuance?
    That went better than expected: US risk retention came in, and $145 billion of global new issuance later, it’s clear that CLOs aren’t disappearing. By Tanvi Gupta and Sam Robinson

    6 years ago
  • Investing ethically is worth it
    Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

    6 years ago
  • European direct lenders strike €25 million sweet spot
    Many new entrants to the European direct lending market are finding that they can put assets to work by making loans in the €20 million to €30 million range

    9 years ago

10 results found Showing page 1 of 1

Want all the latest news, comment, analysis and data?

Register now Start a Free Trial