CLO Debt vs Equity Roundtable
21 Oct 2024
Sparkle West
Track A
Investor strategies and analysis of risk and return profiles across debt vs equity tranches. Exploring structural features and enhancements unique across debt and equity, including credit enhancement and cash flow allocation. Current and historical performance during economic cycles, including default and recovery rates, portfolio stability; Dynamics in valuation and pricing; spreads, liquidity, and collateral quality. Importance of manager tiering and spread compression for debt vehicles, and NAIC capital charge impacts for equity.
Speakers