Roster of CLO managers thins as Covid reshapes space

By Paola Aurisicchio
29 Jul 2020

The number of new managers entering the CLO market has dwindled in 2020 as a result of the pandemic crisis, interrupting years of growth that peaked with an average of 10 new managers a year since 2017.

After the financial crisis, the CLO market went through a period of consolidation among managers that reshaped the space in the decade of recovery. With the increase in demand for CLOs in recent years, new entrants flooded the market to take advantage of benign credit conditions and an ...

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