Barings' Head of Global CLOs, Adrienne Butler, retraces the history of the CLO asset class from its emergence in the late-1990s through the trials of the GFC and onto the most recent innovations including private credit and infrastructure debt CLOs.

Episode Segments:

(03:02) – The early days of the CLO market

(09:33) – How CLOs fared in the 2008 period

(16:14) – The distinction between investing in 3rd party CLO tranches and originating CLOs

(18:21) – A broadening investor base

(23:22) – How the competitive landscape has evolved

(25:18) – What’s next: Private credit, infra & real estate CLOs

(28:39) – The opportunity in CLOs today

(30:16) – Lessons Adrienne has learned in 25+ years in CLO markets

IMPORTANT INFORMATION

Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

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CLOs: Past, Present & Future