Tariffs, Rates, and CLOs: A Conversation with Bain Capital

In this week’s episode, David Graubard speaks with Stephanie Walsh from Bain Capital to explore the current dynamics of the CLO markets. They discuss how aggressive loan repricing and tariffs are affecting market volatility and investor strategies. Stephanie offers valuable insights into Bain’s strategic use of captive equity vehicles and the importance of maintaining solid margins amidst tariff impacts. The episode also covers expectations for 2025, including potential rate cuts, and examines how international investors and rating agencies are adjusting to the evolving economic landscape. This conversation is filled with practical knowledge for anyone interested in understanding the future of CLO markets.