US CLO managers plot European expansion

More US CLO managers are growing their presence in Europe, enticed by a tighter market for the bonds, growing demand from investors and a more contained Covid-19 crisis compared with the US, sources tell GlobalCapital.
CBAM, a New York-based firm that has built a $10.25bn CLO platform in three years, has priced more than $1.1bn in new CLOs this summer. Two of them have been priced in Europe, where the firm plans to expand and open an office in Paris, according to people
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