US CLO managers plot European expansion

Bond market graph volatility from Adobe 22May20 575x375
By Paola Aurisicchio
22 Jul 2020

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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