What are CLOs?

What are CLOs?

Mike Peterson

20 years: Capital markets media

A CLO, or collateralised loan obligation, is a fund that owns leveraged loans. In this video, Mike not only explains what a CLO is, but what purpose they serve and how they differ from other forms of securitisation.

A CLO, or collateralised loan obligation, is a fund that owns leveraged loans. In this video, Mike not only explains what a CLO is, but what purpose they serve and how they differ from other forms of securitisation.

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What are CLOs?

11 mins 27 secs

Overview

A CLO, or a collateralised loan obligation, is a type of fund that owns leveraged loans. They differ from CDOs in the type of asset that backs the security, and exists as an option for risk averse and yield hungry investors alike.

Key learning objectives:

  • Define what a CLO is

  • Understand the CLO investor base

  • Define the role of a CLO manager

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Summary
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Expert
Mike Peterson

Mike Peterson

Mike is a financial journalist and he has reported on CLOs since their earliest days. In 2001 Mike founded Creditflux, a trade publication for the credit market. Mike left Creditflux at the start of 2020 and is now an independent investor in media businesses.

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