CLO market performance and reactions to macro factors, and relative value outlook across issuance volumes, up/downgrades, underlying collateral, and refi/resets. Evolving CLO market landscape looking at BSL and middle market; manager and investor landscape; Regulatory developments and hurdles including NAIC, conflicts of interest, Basel. Investor demand dynamics; yield spreads, investor base diversification, and the liquidity of CLO tranches in the secondary market . Major emerging trends and themes driving growth; CLO ETF's, Capital equity funds, etc.