Leveraged Loan Insight & Analysis – 11/12/2018

Combined AUM surpassed $750bn for U.S. CLOs and retail loan funds


CLOs manage roughly half of current institutional loan outstandings with retail loan funds managing an additional 14%. Their respective shares have been steady, hovering around these levels since mid-2015 when CLOs first reached a 50% share of outstandings. Meanwhile, the pie has certainly grown larger. Institutional outstandings ended October at a new high-point of US$1.119trn, increasing 17% so far this year and up 35% since mid-2015.