Creditflux CLO Investor Summit

A staple in the CLO calendar!

Conrad New York Downtown, 102 North End Avenue, New York, NY 10282


08.15 - 08.55

Breakfast and registration

08.55 - 11.30
11.30 - 12.15

Panel: State of the CLO market

According to Creditflux data, the first two months of 2024 have been record-setting for the US CLO market, with a total of USD 43.9bn in issuance. A surge of new CLO issuance and triple A spreads coming in dramatically, as well as increased bank activity has meant that participants expect 2024 to be an active year for the market. Will the rest of the year continue along this trajectory, or are there macroeconomic and regulatory risks that might impact the CLO market? Our panel of expert managers will take stock of the market and discuss: 

• What will CLO issuance, including senior spreads and loan prices look like in 2024? What are the expectations for downgrades? 

• Will banks continue to be active in the space? 

• How will projected interest rate decreases impact relative value?

• What is the outlook for the year ahead, and how is the CLO landscape evolving?

12.15 - 13.15


13.15 - 13.45

Dispatches from the CLO trenches

Two of the top lawyers in the market sit down with Creditflux to discuss what they’ve been seeing. What are the burning legal issues that investors in the CLO space need to take notice of?

13.45 - 14.30

The growth of private credit CLOs in 2024

Private credit CLOs are quickly becoming a growing piece of the CLO market, making up roughly 11% of the broader $1.3 trillion CLO market in 2023. This trend is expected to continue, with private credit CLOs forecast to account for over 30% of all US new-issue CLO activity in 2024. Is this asset class an unstoppable force, and will it take away from BSL CLOs? Our panel of experts will discuss what the growth of the asset class, how they compare to BSL CLOs and the outlook for 2024. 

• What is prompting the growth of private credit CLOs, and is this taking away from BSL issuance? 

• Private credit CLOs vs BSL CLOs- what are the differences, pros and cons? Higher spreads, lower defaults, differences in composition of portfolio companies, transparency 

• Are private credit CLOs here to stay, or are the high volumes a result of 2023 market conditions? 

• What is the outlook for the market?

14.30 - 15.00

Loan market outlook- collateral deep dive

Challenging market dynamics in the past two years, the higher-for-longer rate environment and a potential uptick in downgrades and defaults are just some of the issues that may come into play in 2024. However, there are signs that market conditions may be improving, with M&A volumes poised for an uptick and green shoots emerging. Our panel will take a look into how collateral underlying the CLO market has performed in the last 12 months, and the outlook for the year to come. 

• Market trends- how will US leveraged loans perform over the next twelve months? How will increased M&A volumes impact the market? 

• As the private credit market expands, what’s left for leveraged loan investors? 

• Will 2024 provide opportunities for loan managers to snap up some bargains or is it a year to play it safe? 

• Are the best opportunities in the primary or secondary loan markets?

15.00 - 15.30

Networking Break

15.30 - 16.15

Panel: Would you buy it?

Our panel of some of the top CLO funds walk us through their investment process as they consider our CLO investment case studies. From relative value to manager due diligence, what are the key questions every CLO investor should ask before they buy? • Primary vs secondary 

• US vs Europe 

• Mezzanine vs Equity 

• Broadly syndicated loans vs middle market