CLO Managers

A CLO manager is a portfolio manager appointed and paid a fee to make changes to the collateral or reference portfolio during the life of the transaction to enhance returns.

  • ELFA guidelines set to spur CLO transparency

    Trustee best practices and improved disclosures recommended

    The European Leveraged Finance Association (ELFA) has released new guidance aimed at improving transparency in CLO reporting. Published at the end of March, the document outlines trustee best practices, but may meet some obstacles in its implementation.

    Under the recommendations, ELFA suggests that trustee reports implement standardised reporting of trading gains and par flush metrics; detailed tracking .......

    News 17 April 2025

  • CLOs face volatility test amid record start to the year

    KBRA affirms confidence in structured credit resilience under strain

    The structured credit landscape entered 2025 with significant momentum, as US CLO issuance - including both broadly syndicated loan (BSL) and middle market (MM) transactions - closed the first quarter near historic highs.

    According to KBRA’s latest private credit research on MM CLOs, amid trade tensions, total Q1 issuance reached approximately US$45bn - just US$3bn short of .......

    News 14 April 2025

  • Job swaps weekly: Bayview names co-heads for new fund finance investment business

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Bayview Asset Managementappointing two co-heads to lead its newly created fund finance investment business. Elsewhere, RiskSpan has appointed two to its advisory board as it ramps up its structured finance and private credit activity, while Mayer Brown has hired two former Kirkland & Ellis partners in its US structured finance .......

    Market Moves 11 April 2025

  • Janus Henderson and Guardian form partnership for public fixed income portfolio

    Deal sees asset manager overseeing US$45bn portfolio with insurer investing US$400m of seed capital

    Janus Henderson Group and the Guardian Life Insurance Company of America have formed a strategic partnership, in which Janus Henderson will become the insurance company’s investment grade public fixed income asset manager. The transaction is expected to close at the end of the second quarter of 2025 and will .......

    News 9 April 2025

  • Accunia maps a steady course in CLOs focussing on long-term value

    Danish manager prioritises CLO complexity premiums and active credit selection over market timing

    In the intricate world of structured credit, Accunia Credit management emerges as a thoughtful navigator, challenging conventional investment wisdom with a nuanced approach to CLO investing.

    Speaking to SCI, David Altenhofen, head of investments at Accunia Credit Management says the firm’s viewpoint is it does not believe in timing the market but about time in the market, .......

    The Structured Credit Interview 7 April 2025

  • Job swaps weekly: KBRA head of CMBS surveillance and research retires

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees KBRA naming a successor to outgoing head of CMBS surveillance and research Roy Chun, who is to retire. Elsewhere, Jefferies has named a new fixed income chief risk officer, while and MDPG Advisory director and an S&C Capital founder have formed a new London-based litigation finance and advisory .......

    Market Moves 4 April 2025

  • Canyon Partners closes nearly US$1bn CLOs across US and Europe

    The latest deals bring the firm's CLO AUM to over US$10.9bn

    Canyon Partners has today closed two of its CLOs totaling nearly US$1bn. With these closings, the firm now manages over US$10.9bn in combined CLO AUM through 24 active CLOs.

    Arranged by Bank of America, Canyon Euro CLO 2025-1 is Canyon's first new issue CLO of the year, with a 1.5-year non-call period and 4.5-year reinvestment period. Canyon CLO .......

    News 31 March 2025

  • Job swaps weekly: Morgan Lewis snaps up former SEC lawyer

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Morgan Lewis hiring a structured finance specialist and former SEC special counsel as partner. Elsewhere, Marathon Asset Management has promoted a long-standing senior portfolio manager to partner, while Close Brothers Property Finance has added two senior professionals to its new structured finance team in London.

    Morgan Lewis has hired the .......

    Market Moves 28 March 2025

  • Job swaps weekly: Gandy returns to the SRT fold

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees SRT veteran Steve Gandy return to the industry as a board member at an SRT-focused fintech business. Elsewhere, Simpson Thacher & Bartlett has appointed a New-York-based securitisation-focused partner, while Trafigura Group has named a new global head of structured finance.

    Iconicchain, a Finnish fintech specialising in SRT services for issuers, .......

    Market Moves 21 March 2025

  • Acer Tree JV to expand CLO platform

    Partnership driven by the vision to grow AUM to €2.5bn-€3bn

    The run into difficult markets in 2023 has led to Acer Tree Investment Management’s decision to expand its CLO platform by partnering with alternative credit fund, Ymer SC, last month. The European CLO manager that debuted in 2022 says under the new plan, its CLO platform - the Logic Lane series – will target gradual CLO issuance, .......

    News Analysis 17 March 2025

  • Job swaps weekly: Wellington launches private real estate credit platform

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Wellington Management make a number of appointments to its newly launched private real estate credit platform. Elsewhere, KBRA Analytics has named a new chief strategy officer, while Marsh has appointed a head of political risk and structured credit.

    Wellington Management has expanded its private investing capabilities with the formation of .......

    Market Moves 14 March 2025

  • Reflections on the recent CLO equity BWIC of 11 March

    Poh-Heng Tan from CLO Research provides insights on a recent CLO equity list

    Based on SCI BWIC data, between 17 July 2024 and 8 March 2025, approximately 66 US CLO equity tranches from the 2021 vintage appeared on BWIC lists, where list owners provided colour on the equity tranches. Based on this colour, US CLO equity tranches from the 2021 vintage recorded a median IRR of 7.8%, with the 75th percentile .......

    Talking Point 13 March 2025

  • Job swaps weekly: Accunia bolsters Copenhagen team

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Accunia Credit Management adding two structured finance pros to its Copenhagen office. Elsewhere, Pallas Partners has snapped up two partners from Kasowitz Benson Torres, while fintech firm Inbank has elected a senior structured finance executive from Spectrum Principal Asset Management to its supervisory board.

    Accunia Credit Management has hired two .......

    Market Moves 7 March 2025

  • Job swaps weekly: Santander rings changes in structured finance division

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Santander making a number of appointments as part of a major reshuffle of its structured finance advisory and lending platform. Elsewhere, DLA Piper has appointed a new co-head of its structured finance practice, while Piper Sandler has snapped up a new md and co-head of its structured finance group.

    Santander has reorganised its structured .......

    Market Moves 28 February 2025

  • AlbaCore sees CLO refi, reset opportunities

    AlbaCore monitors market for CLO refinancing opportunities as M&A activity picks up

    AlbaCore Capital Group may explore opportunities related to its current portfolio, such as potential resets and refinancing of some structures, says Deborah Cohen Malka, partner and portfolio manager at the firm.

    AlbaCore always considers potential resets and refinancing, and is monitoring the market closely for those opportunities.

    Speaking to SCI, Malka states: "We take an opportunistic approach .......

    News Analysis 27 February 2025

  • Alcentra secures US$1bn for CLO strategies

    New capital will boost Alcentra's European CLO AUM to US$4bn over the next three years

    Alcentra recently secured US$1bn in equity capital commitments for its CLO-focused strategies, driven by Inflows from pension funds, endowments, family offices, and SWFs in the US, Asia, and Europe, the firm tells SCI.

    The majority of the new capital will be invested in CLO mezz and equity through the firm's third-party CLO tranche investing platform, with a portion .......

    News 27 February 2025

  • Job swaps weekly: Reckoner launches with backing from RedBird

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees the launch of Reckoner Capital Management, an alternative credit asset manager led by a former Panagram Structured Asset Management ceo and cio. Elsewhere, a former Goldman Sachs partner and securitisation specialist has joined One William Street Capital Management as deputy cio and partner, while Chorus Capital has snapped up a former senior exec .......

    Market Moves 21 February 2025

  • Wellington Management closes debut CLO fund on US$194m

    CLO Partners Fund exceeds US$150m target to invest in BSL CLO equity tranches

    Investment management firm Wellington Management has closed its inaugural Wellington CLO Partners Fund I, raising US$194m in capital commitments, including US$27m from affiliates. 

    The vehicle focuses on majority equity tranches of Wellington-managed US broadly syndicated CLOs and has surpassed its initial target of US$150m.

    Alyssa Irving, CLO portfolio manager at Wellington Management, told SCI that the investor .......

    News 21 February 2025

  • Job swaps weekly: ARC promotes two and appoints APAC chair

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees ARC Ratings making a number of senior structured-credit-focused appointments spanning Europe and Asia. Elsewhere, Cadwalader has added three fund finance partners in London, while CIFC Asset Management has named a new md overseeing CLO tranche investing in its New York office.

    ARC Ratings has promoted two Lisbon-based structured finance executives .......

    Market Moves 14 February 2025

  • CLO success factors

    Panellists at SCI and Reed Smith CLO event discuss sustainab...

    Sustainability considerations, an accelerating influx of new managers and the CLO asset class’s long-term track record were at the core of discussions at a recent SCI CLO event hosted by Reed Smith. SCI spoke to a panel of experts for their views on the future of CLOs with particular reference to sustainability.

    CLOs have been a successful financing .......

    News Analysis 14 February 2025

  • SCI in Focus: ABF key motivator in private credit consolidation

    Acquisitions driven by opportunities beyond traditional corporate lending

    The alternative credit sector saw a continued drive towards market consolidation in 2024, with asset-backed finance (ABF) emerging as a key motivator for such activity. Last year saw a near-record US$260bn in acquired AUM, according to Gapstow’s annual review of acquisitions among alternative credit managers, with direct lending dominating the space.

    Direct lending firms accounted for 70% of .......

    News Analysis 7 February 2025
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