In its latest Q&A, LFI spoke with Shawn Cooper, portfolio manager at Orchard Global – an $8.8bn AUM alternative asset manager with over $1bn invested in CLOs globally.
He discussed why he currently prefers CLO mezzanine debt over CLO equity, which risk factors he is monitoring, CLO manager tiering, and expectations as the market heads into 2026.
LFI: Where do you see value in CLOs heading into the final few weeks of 2025?
Cooper:
Relative value has bounced around this year, but what’s not good value is currently more obvious than what is. Right now, primary CLO equity doesn’t feel like a great place to be. That’s because…
Complete your details below to get your free copy of this interview
Please note that we can only respond to valid business email addresses and the interview is already available to clients.
Recently Published
News
EMEA Insight: CLO managers’ software choices drive dispersion in Single B secondary spreads
EMEA Insight: CLO managers’ software choices drive dispersion in Single B secondary spreads
Read More
US Insight: Loan volatility makes CLO equity interesting again at the JP Morgan Global Leveraged Finance Conference
US Insight: Loan volatility makes CLO equity interesting again at the JP Morgan Global Leveraged Finance Conference
Read More
US Bankruptcy: Anthology – Chapter 11 Bookend
US Bankruptcy: Anthology – Chapter 11 Bookend
Read More
Private Credit Under the Microscope: Separating Headlines from Structural Reality
