Leveraged Loan Insight & Analysis – 1/15/2018

U.S. new issue CLOs reached US$117bn in 2017 with an additional US$165bn in CLO refis and resets 

Although loan fund outflows have been more frequent since the fall, US$12.7bn flowed into mutual funds in 2017. Separate managed account money grew as pensions, endowments and family offices along with insurance companies, and sovereign wealth funds allocated money to this asset class. Few would argue that 2017 was the year of the CLO with over a quarter of a trillion dollars in activity.