By: Craig Nicol, Managing Director, Head of Global Credit Strategy, Jacob Walton Co-Head European CLOs and Ludovic Walter Co-Head European CLOs
EUROPEAN CLO EQUITY: FRAMING THE INVESTMENT CASE
As investor interest in European CLO equity continues to grow, so too does the range of views surrounding its risk and return profile. While some focus on recent market uncertainty, we believe a deeper examination of the asset class reveals a more nuanced and compelling investment case.
This paper explores the long-term evidence behind European CLO equity, the structural features that differentiate it from other private market strategies, and why manager quality remains the key determinant of outcomes. In a market increasingly defined by dispersion, we believe understanding these distinctions has never been more important.
By: Craig Nicol, Managing Director, Head of Global Credit Strategy, Jacob Walton Co-Head European CLOs and Ludovic Walter Co-Head European CLOs
EUROPEAN CLO EQUITY: FRAMING THE INVESTMENT CASE
As investor interest in European CLO equity continues to grow, so too does the range of views surrounding its risk and return profile. While some focus on recent market uncertainty, we believe a deeper examination of the asset class reveals a more nuanced and compelling investment case.
This paper explores the long-term evidence behind European CLO equity, the structural features that differentiate it from other private market strategies, and why manager quality remains the key determinant of outcomes. In a market increasingly defined by dispersion, we believe understanding these distinctions has never been more important.
