The Wave of New Entrants into the European CLO Market
The moderator highlights reports of approximately 30 prospective new entrants to the European CLO market — including US managers, hedge funds, and insurance companies — against a backdrop of roughly 70 existing active managers. Adam Goldberg and Paul Roos explore the appeal, citing the stickiness of CLO management fees, revenue diversification, and the terminal value that a CLO business creates for credit managers.