Evolving Strategies in CLO Investment

This chapter examines the shifting landscape of Collateralized Loan Obligation (CLO) equity and debt investment strategies, emphasizing the need for flexibility in response to market changes. It discusses the erosion of covenant protections and the impact of evolving dynamics between borrowers and lenders. The chapter also highlights the growth of private credit and the innovations in the CLO sector, reflecting on how these developments influence credit analysis and portfolio construction.