New CLO Managers Are Pouring Into the Market

A spate of hedge funds and asset managers are diving into the $1.3 trillion CLO market with debut vehicles, fueling demand for new leveraged loans and pushing up prices for older ones.

Macquarie Asset Management sold its first US collateralized loan obligation earlier this month, while hedge fund Arini, run by former Credit Suisse Group AG star trader Hamza Lemssouguer, priced its debut US CLO in April. Anthelion Capital, an AI-based asset management platform, is also looking to come to market in the next few weeks, and has tapped Natixis SA to help arrange the deal, people with knowledge of the matter said.