When there is a shock to the market and loans go down in value, the top CLO firms use that as a buying opportunity to buy fixed income under par. Another way to think of CLOs is that of a head chef.
The effort is in part meant to harvest some of the value the team sees in highly rated CLO tranches as a result of heavy issuance, driven by high demand for their lower-quality tranches.
Lisa Kohlert, VP of Business Development for CLO Europe, commented, " It has been inspiring to see so many users engage in conversations and share their success stories with the industry. Our main aim ...
Net Asset Value per Share: $4.91 as of June 30 ... Weighted Average Yield of CLO Debt Investments: 17.4% as of June 30, 2024. Weighted Average Effective Yield of CLO Equity Investments: 16.8 ...