In this episode of the Last Tranche, Christine Ferris, JP Morgan's Global Head of CLO Primary talks about why she loves working with debut managers, despite the extra challenges they face.

In this episode of The Last Tranche Gretchen Lam, CEO of Octagon Credit Investors, discusses whether investing in third-party CLO equity makes sense again TheLastTranche gretchen Mohr Lam octagon credit investors

In this episode of the Last Tranche, John Kline and Cyrus Moshiri from New Mountain Capital discuss the rated feeder fund structure they recently priced, and why they chose this approach over a middle market CLO. #CLO #Creditflux #TheLastTranche

In this episode of The Last Tranche, Matt Layton, partner and head of Europe at Pearl Diver Capital, discusses strategies for investing in CLO debt and equity amid the recent rally in liabilities. Layton says that analysing a manager's past behaviour is a better predictor of CLO equity returns than how a manager is tiered by the debt markets. He adds that some of the tier one managers have shown that they can be prone to sell loans too quickly during recent periods of volatility, which has...

In this episode of The Last Tranche, Ujjaval Desai, head of structured products investing at Sound Point Capital Management, shares his ideas about the investment opportunity across the CLO equity universe.

In this episode of The Last Tranche, Dan Ko, principal and portfolio manager at Eagle Point Credit Management, discusses the relative value opportunity in the CLO market

In this episode of the Last Tranche, Robert Zable, global head of Blackstone's liquid credit strategies, discusses the fallout of the regional banking crisis sparked by the collapse of Silicon Valley Bank on the CLO market.

In the latest episode of The Last Tranche, Octaura's Bejile discusses his role in bringing electronic trading to the loan and CLO markets.

In this episode of the Last Tranche, Joe Rotondo, senior portfolio manager on the credit investments team at MidOcean Partners, looks back on a turbulent year for the leveraged loan asset class.

In this episode of The Last Tranche, Deborah Cohen Malka, partner and portfolio manager at AlbaCore Capital Group, discusses the performance and challenges facing the European CLO market.

In this episode of The Last Tranche, Bain Capital Credit managing director John Wright discusses the manager landscape in the CLO market.

In this episode of the Last Tranche, Mike Nechamkin, chief investment officer and senior portfolio manager at Octagon Credit Investors, discusses the reasons behind the recovery in loan prices in recent weeks.

In this episode of the Last Tranche, Trey Parker, co-founder and chief investment officer at Sycamore Tree Capital Partners, discusses the optimal way for a CLO manager to invest through an economic downturn

In this episode of the Last Tranche, CVC Credit Partners partner and global head of performing credit Gretchen Bergstresser discusses the impact of Russia's invasion of Ukraine on the global loan and CLO markets. Bergstresser speaks to the immediate moves in credit spreads following the invasion and outlines what she expects to see in the weeks ahead, and identifies sectors that are most at risk.

In this episode of the Last Tranche, Serhan Secmen, head of US CLO investments at Napier Park Global Capital joins to discuss how equity investors choose which managers to allocate to for the best long-term performance. Secmen says manager style meant some firms were better prepared for the covid selloff in 2020 as well as able to maximalise returns during this year's recovery.

In this episode of the Last Tranche, New Mountain Capital's Cyrus Moshiri discusses the process of new firms entering into CLO management. Moshiri discusses whether an increase in new managers or consolidation is more likely, and how investors can analyse opportunities presented by upstart platforms.

In this episode of the Last Tranche, Capital Four's Torben Skødeberg and Jim Wiant discuss the emergence of loans linked to environmental, social and governance (ESG) criteria, and how the ESG movement has taken over credit markets, first in Europe followed by the US

In this episode of the Last Tranche, Bardin Hill Investment Partners' Philip Raciti discusses how environmental, social and governance (ESG) is a growing risk factor for CLO managers. Raciti says ESG-related data disclosure remains an issue and addresses how managers can avoid companies that are "greenwashing".

In this episode of the Last Tranche, Tetragon Credit Partners' Dagmara Michalczuk and Michael Pang tell Creditflux that CLOs that missed an equity payment during the covid-19 crisis in 2020 impacted returns by between 20 and 100 basis points. They also discuss how record isuance and high staff turnover in certain firms has led to a human infrastructure shortage in the CLO market.

In this episode of the Last Tranche, Antares Capital's Seth Painter tells Creditflux's Hugh Minch about the performance of private credit and middle market CLOs through the covid-19 crisis and recovery.

In this episode of the Last Tranche, Carlyle's co-head of liquid credit and head of US loan and structured credit Lauren Basmadjian and Creditflux's Hugh Minch discuss the performance of CLOs through the covid-19 dislocation. Basmadjian says the asset class is vindicated by its performance through the crisis and discusses manager strategies through both the selloff and recovery phases.

In this episode of the Last Tranche, Pretium's Roberta Goss discusses the impact of the reopening economy on the leveraged loan market following the rollout of the covid-19 vaccine. While the headline numbers are remarkable, volatility is showing up in some unexpected places.

In this episode of The Last Tranche, Tapan Jain, portfolio manager at Hildene Capital Management, and Creditflux's Hugh Minch discuss recent changes in how CLO documents treat workout securities. Jain draws on his experience during the Cirque du Soleil bankruptcy and explains ways in which CLOs can profit from rescue financing