Middle market to expand as CLO investor interest grows
The middle market segment of the CLO industry is attracting the attention of more investors this year amid enduring low yields in fixed income as higher returns on middle market paper and stronger covenants steer more traditional CLO buyers into the space.
With low interest rates set to persist for the foreseeable future, the middle market offers an attractive pickup in yield while sidestepping some of the concerns seen in the broadly syndicated loan segment.“We expect another strong year in 2020 for middle market CLOs, with issuance to be up ...
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