Warehouse formation restarts but CLO managers face challenges

By Paola Aurisicchio
29 Jun 2020

CLO managers are in talks with banks in hopes of opening new warehouses in coming weeks, paving the way for a new wave of post-Covid CLO issuance — though firms will be emerging into a markedly more difficult environment, sources say.

An experienced manager with approximately $6bn in assets under management plans to open its first warehouse since the outbreak of the pandemic in “coming weeks” and tier one and tier two managers, which usually have warehouses opened throughout the year, are eyeing new credit lines from banks to ...

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