CLOs

A CLO is a collateralized loan obligation or collateralised loan obligation known collectively as CLOs. CLOs are CDOs that reference loans, such as leveraged loans, SME loans or a bank's whole loan book (a balance sheet CLO). They come in both managed CLO and static CLO form and can be market value CLOs or synthetic CLOs.

• Whole biz downgrade announced

  Company developments and company hires

  Acquisitions Crescent Capital BDC is set to acquire Alcentra Capital Corp, a middle-market BDC. Th...

  Market moves    16 August 2019

• Consent challenges

  Transactions losing value without Libor fallback language

  Investors are working with an asset registry and communication platform to obtain noteholde...

  News    16 August 2019

• NPL disposals inked

  Sector developments and company hires

  ABSF tender The Australian Office of Financial Management is inviting tender submissions for the p...

  Market moves    14 August 2019

• Balancing act

  European CMBS learning from US CRE structures

  European CMBS are increasingly likely to continue following patterns set by their US counterparts an...

  News Analysis    14 August 2019

• Insurer markets CFO

  Transaction backed by 'highly diverse' PE portfolio

  Nassau Alternative Investments is marketing a collateralised fund obligation (CFO) comprising privat...

  News    13 August 2019

• STS mirage

  "Still no level playing field" despite regulation

  Despite the high bar that issuers must clear to achieve the STS designation on securitisations, the...

  News Analysis    12 August 2019

• SCI Start the Week - 12 August

  A review of securitisation activity over the past seven days

  SCI CRT awards Don't miss out on your chance to win: the submissions deadline for the inaugural SCI...

  News    12 August 2019

• AM acquisition

  Sector developments and company hires

  Asset management acquisition Assured Guaranty US Holdings is set to acquire all of the outstanding...

  Market moves    9 August 2019

• Track record

  Middle market origination processes scrutinised

  A deteriorating credit environment is expected to prove challenging for new US middle market loan pl...

  News Analysis    9 August 2019

• New ventures

  Asset manager building out structured credit strategies

  BlueBay is expanding its structured finance and CLO investment strategies.&nbs...

  News Analysis    9 August 2019

• Alt credit co-head hired

  Company hires and sector developments

  Alt credit co-head nabbed Ares has hired Joel Holsinger to its credit group as c...

  Market moves    7 August 2019

• CLO partner appointed

  Sector developments and company hires

  CLO firm partner promotion DFG Investment Advisers has promoted Timothy Milton to partner. Since j...

  Market moves    6 August 2019

• Keeping it private

  Public European middle market CLOs are struggling, but private deals are booming

  The success of middle market CLOs in the US and the ever-present search for yield has led to much ta...

  News Analysis    6 August 2019

• SCI Start the Week - 5 August

  A review of securitisation activity over the past seven days

  Market commentary Portuguese RMBS outperformed other securitisation asset classes last week, booste...

  News    5 August 2019

• CLO head hired

  Sector developments and company hires

  BUMF 6 injunctions granted Final injunctions have been granted against Greencoat Investments (GIL)...

  Market moves    2 August 2019

• Performance model revealed

  Innovative approach highlights smaller manager outperformance

  Smaller, less well-known CLO managers often outperform their larger competitors, a new analytical mo...

  News Analysis    2 August 2019

• Dual-tranche deal finalised

  Standard Chartered targets wide distribution

  Standard Chartered has completed a dual-tranche capital relief trade that references an undisclosed...

  News    2 August 2019

• Affordable loan credit insurance risk transfer closed

  Sector developments and company hires

  Affordable CIRT closed Fannie Mae has executed a new credit insurance risk transfer (CIRT) transac...

  Market moves    31 July 2019

• New podcast now live

  The operational steps to setting up a CRT and more...

  In this week's podcast, the team discuss the operational steps taken when putting t...

  News    31 July 2019

• Winding up order issued for Clifden

  Company hires and sector developments

  Clifden wind up A winding-up order has been issued by the High Court of Justice of the Isle of Man...

  Market moves    29 July 2019

• Closer look

  US CRE CLOs are booming, but caution is advised

  A landmark US CRE CLO is currently marketing and grabbing investors’ attention. Away from...

  News Analysis    29 July 2019