CLO managers expect virus crisis to spur wave of consolidation
CLO managers and investors are predicting a raft of consolidation in the industry as the virus crash leads to further tiering among managers.
After the financial crisis, the CLO market went through a period of manager consolidation that reshaped the CLO space in the decade of recovery. As the Covid-19 crisis continues, 2020 could be a similar inflection point for the industry, sources say.“It is too soon for M&A,” said ...
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