Private credit and middle market CLOs – Market evolution

European Mid-Market CLO Structures and Key Challenges

The panel examines the structural characteristics of European mid-market CLOs, including low obligor diversity, multi-currency challenges, hybrid BSL and direct lending collateral, and the nascent credit estimate process. The bank ABL market is also discussed as a complementary financing pillar, with spreads widening and counterparty relationships tightening.

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