The fall and rise of the CFO structure

An old structure is making new waves in the credit market with the return of the CFO (collateralized fund obligation). CFOs have been around for close to two decades, but the asset class is no longer investor-led, as it used to be, and is proving attractive particularly for private credit managers. New CFOs were issued last year by managers including Tikehau, Churchill and Nassau Corporate Credit. This panel will introduce this new kid on the block, explore the structure and look at prospects for the rest of the year.

  • How does a CFO work?
  • What assets are currently being securitized, and what could be added in the future?
  • What are the key structural differences from a CLO?
  • What are the attractions for both investors and issuers?
  • Speakers keyboard_arrow_down
    Sayed Kadiri Editor CREDITFLUX
    Nithin Johnson US Head of Business Development and Structured Private Solutions TIKEHAU CAPITAL Bio