Global credit funds & CLO's
January 2024 | Issue 260
Published in London & New York.
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January 2024 | Issue 260
Event
CLO Symposium 2024
The Creditflux CLO Symposium returns to the Landmark London on 15 May 2024
Registration & breakfast
8:30
Chair’s opening remarks and presentation
9:05
Keynote interview
Navigating the future of CLOs —
trends, strategies and opportunities
This interview will provide a comprehensive overview of the current landscape and offer insights into emerging trends, innovative strategies and untapped opportunities.
9:20
Opening panel
The CLO outlook — focusing on European perspectives
The past 18 months proved a challenging backdrop for CLO issuance. Rapid rate hikes and global economic turbulence have made the arbitrage tough. Europe has witnessed a dip in loan issuance prompting investors to seek new ways to attain yield. With reduced M&A activity and ongoing risks in capital flow and supply chains, CLO managers must strategize to safeguard returns.
9:35
Panel
Cannibalising CLO collateral?
Private credit’s impact on the market
In recent years, institutional investors have shifted their attention away from the broadly syndicated market, and towards private credit, in their hunt for yield. But will the value of liquidity in larger, broadly syndicated markets return as economic conditions continue to deteriorate? How will investors decide where to allocate funds?
10:15
Networking coffee
11:00
Panel
CLO managers’ views —
managing distress and restructurings
As the market approaches 25/26 loan maturities and refinancing walls draw closer, CLO managers face critical decisions in managing distressed portfolios to avoid par destruction. This panel brings together industry leaders to share their views on navigating troubled names amid a shifting economic landscape.
11:30
Panel
Navigating middle market CLOs —
a lasting trend or niche play?
Middle market CLOs saw significant volume in 2023, despite corporate credit markets facing rising interest rates and slowing growth. In the first half of 2023, BSL CLO issuance was down 37%, while middle market CLO issuance was up 103%. This panel will bring together middle market CLO investors and managers to share insights into origination strategies, risk assessment and investor appetite.
12:10
Fireside chat
Insights from a CLO expert
A unique opportunity to gain first-hand insights, perspectives and experiences from a seasoned professional.
12:50
Lunch
13:05
Panel
LPs’ views — family offices have entered the chat
Challenging markets and limited loan volumes have led LPs to diversify investment pools. Meanwhile, new structured credit funds are experiencing tough fundraising conditions, while the entrance of more family offices to the market could impact future dynamics.
14:45
Fireside chat
CLO documentation
— snooze, drag, inconsistencies and nuances
This session will bring together experts intimately familiar with CLO documentation to shed light on critical strategies, potential inconsistencies and nuanced adjustments that occur to both pre- and post-investment periods.
15:25
Networking coffee
15:55
Panel
Higher for longer rates — would you buy it?
In a ‘higher for longer’ rate environment, top CLO investors talk through their processes as they consider CLO investment case studies. From risk assessment to yield expectations, what are the key questions every CLO investor should ask before they buy?
16:25
Panel
CLO secondary market — thriving or surviving?
The secondary market has been evolving in response to a multitude of economic and regulatory factors. This panel assembles industry experts to dissect the current state of the CLO secondary market, from liquidity trends to investor appetite.
17:00
Chair’s closing remarks and networking drinks
17:40
Panel
The US CLO outlook —
transatlantic trends and perspectives
After a surprisingly strong year for new CLOs in 2023, some believe that US primary market activity will be patchy in 2024, with investors less willing to deploy capital. This panel delves into the landscape of the US CLO market, exploring the latest trends and regulatory shifts.
14:05
Creditflux CLO Manager Awards
19:00
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