European CLO primary set for slowdown, says Investcorp

By Tom Brown
27 Jul 2020

The European CLO summer slowdown is set to persist into autumn as pre-Covid warehouses run dry, and CLO 3.0 structures take time to mature, according to Investcorp, which has closed two euro CLOs in 2020 to bring its total European CLO assets under management to more than €7bn.

“There is likely to be a lull now in the market, not least because of the summer slowdown — we expect more deals to come through in the back end of the third quarter or the fourth quarter,” said Jeremy Ghose, managing director and global head of Investcorp ...

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