Bull markets produce innovation. The latest novelty in U.S. leveraged loans is a...
Risk-retention vehicles brought new investors into the market that offered CLO managers long-term capital. The advantage of a dedicated pool of capital has been proven.
The hardest part can be assembling the pool of loans. Resets take away one of the most challenging things in this market.
Inflows remain very strong, which will keep the pressure on spreads and create opportunities for repricings.