Global credit funds & CLO's
May 2020
| Issue 223Data CLOs
May 2020 | Issue 223
Investors flock to secondary amid covid-19 sell-off
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In response to the covid-19 induced volatility, CLO secondary volumes shot up with over $7.5 billion of US CLOs listed in March and another $3.5 billion in April. The European secondary market saw €1.8 billion in March and €0.7 billion in April.
Global primary CLO issuance was $4.5 billion in April, across 12 new issues. In comparison, $23.1 billion was issued in April 2019 across 48 transactions including 36 new issue CLOs.
US CLO Secondary Volumes ($bn)
European CLO secondary volumes (€bn)