Blog

Our thoughts on news that matters.

Falling Shelves

There have been many books piled on the Junk Bond shelf, and now they may be crashing. Corporate Debt outstanding has more than doubled since the financial crisis, while the balance sheet allocated to liquidity by the big banks has dropped more than 70%. Now that Third Avenue’s Credit Fund has suspended redemptions, the market […]

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Scuttlebutt from Carlsbad

We were pleased with the activity level at the CLO Summit in Carlsbad. Lots of scuttlebutt and market color. We came across several originated loan situations that were interesting, and these suggest that there will be continued innovation in CLOs going forward (call for details). Not all loan markets have been intermediated by securitization yet. […]

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We have over $2 trillion of deals loaded on the platform already. And the industry has noticed.