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CLO & structured credit

The fundamentals of floating-rate investments, which have driven record CLO issuance, will keep attracting yield-hungry investors, according to Western Asset Management.
Active management is crucial in times of market volatility and has allowed collateralised loan obligations to keep flourishing.
US manager Blackstone now invests more than $150bn on behalf of insurance companies.
Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.
North American-focused funds recovered in the first half, following a difficult year.
Head of US loans and structured credit says the asset class is one of the few where modelled equity returns are higher than before covid.
Antares last year secured $3bn for Antares Senior Loan Fund, the Chicago firm’s first major, broadly-marketed institutional vehicle.

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