Understanding The Commonly Used CLO Deal Metrics and Their Limitations (Updated)
In conclusion, it is important to understand the limitations of each metric so as to avoid mistaking outperformance of deal metrics to be investment outperformance.
In conclusion, it is important to understand the limitations of each metric so as to avoid mistaking outperformance of deal metrics to be investment outperformance.
At least 69 US CLO deals have been redeemed or paid off since October 2023. Impressively, two static deals from the 2022 vintage—KKR Static CLO 2, managed by KKR, and Stratus Static CLO 2022-1, managed by Blackstone...
A sample of US BSL CLO 1480 deals is included in this study. The table below lists managers with at least three of their deals in the top quartile. The top five managers with the highest number of deals in the top quartile are Oak Hill Advisors, Golub Capital, CSAM, Benefit Street Partners, and Blackstone.
A sample of 409 deals (2015–2019* vintage deals) is included in this study. The benchmark loan index used is the...
This study examines a sample of 218 deals from 2015 to 2019, utilising the Morningstar European Euro-Denominated Loan Index as...
In conclusion, it is important to understand the limitations of each metric so as to avoid mistaking outperformance of deal metrics to be investment outperformance.