How a Midwestern insurer powered Wall Street's biggest new CLO manager

A wave of first time CLO managers have emerged since the market began its astonishing bull run in 2014. Standout among them has been CBAM, which has built an $11bn CLO platform in less than three years, in part thanks to a lucrative partnership with a storied Kansas life insurance company.

  • By Alexander Saeedy
  • 28 May 2019

CBAM was the most prolific CLO issuer in 2017, pricing $5.1bn of paper in its first year of business.

While it did not keep up that pace in 2018, CBAM was the fourth largest CLO issuer for the whole of 2017-18, behind household names Blackstone, Credit Suisse Asset ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,842.09 237 10.45%
2 JPMorgan 64,579.62 197 9.52%
3 Bank of America Merrill Lynch 51,474.08 169 7.59%
4 Wells Fargo Securities 51,322.59 157 7.57%
5 Credit Suisse 47,737.24 151 7.04%