Royal London, Macquarie Among Firms Planning European CLO Debuts
- European CLO issuance headed for record levels this year
- Moves come amid a resurgence of interest in the market
CLOs have posted unprecedented returns on their riskiest portions, while the safest tranches have consistently outperformed rival asset classes so far this year.
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Europe’s collateralized loan obligation market is set for a record year of issuance, and a flurry of new entrants are looking to get involved in the upturn.
Royal London Group and Macquarie Group are both in the early stages of setting up European CLO platforms, according to people familiar with the matter who aren’t authorized to speak publicly.