Responsible investing gains a foothold in US CLOs

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By Paola Aurisicchio
01 Oct 2020

A rare environmental, social and governance (ESG) themed CLO was priced this month by Palmer Square Capital Management, setting the tone for the still-early days of ESG securitization in the US and hinting at bigger things to come for socially responsible CLOs.

Only a handful of US CLOs have included ESG investment criteria in recent years. Just before the Covid-19 outbreak, Partners Group priced a $409.5m US CLO with Morgan Stanley that included ESG restrictions, but for the most part the ESG securitization market is in early stages and less ...

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