The CLO Investor Podcast

Shiloh Bates speaks with John Timperio, the Co-Head of Dechert’s Global Finance practice, about CLO regulation in this episode of The CLO Investor podcast.

Shiloh Bates talks to Allan Schmitt, Head CLO banker at Wells Fargo, about rated feeders, a new flavor of CLO (collateralized loan obligation) that is growing in popularity.

In this episode of The CLO Investor Podcast, Shiloh Bates talks to Drew Sweeney, Broadly Syndicated CLO Portfolio Manager at TCW. The episode reviews complexities of loan documentation, the role of private equity firms, and the importance of thorough analysis and strategic management in the loan market.

Shiloh Bates welcomes John Kerschner, Head of U.S. Securitized Products and a Portfolio Manager for JAAA at Janus Henderson, to the podcast. John explains the relative attractiveness of CLO AAAs versus other asset classes; how his team chooses CLO AAAs; and if he thinks the market should expect continued CLO tightening. 

In this episode of the CLO Investor podcast, host Shiloh Bates interviews Patrick Wolfe, Senior Portfolio Manager in the Global Credit Platform and Head of U.S. Middle Market CLOs at BlackRock. They discuss the current state of the middle market loans and the risks for CLO investors in today's economy. Patrick explains the differences between middle market loans and broadly syndicated loans, highlighting the need for origination and underwriting in the middle market. He also describes the competition for middle market loans and the importance of reputation and industry specialization in transactions. Other topics include the impact of higher interest rates on borrowers; the potential for increased M&A activity in the middle market; and the importance of valuations and need for standardization in the industry.

Shiloh Bates talks to Nomura Securities CLO Researcher Paul Nikodem in the sixth episode of The CLO Investor podcast. They discuss the process of evaluating CLO managers and also tackle the topic of declining CLO financing costs. 

Shiloh Bates shares his conversation with Tom Davidson, Managing Editor of Creditflux, in the fifth episode of The CLO Investor. Among other topics, Shiloh talks to Tom about CLO education, current opportunities in the CLO market, and CLO equity risk adjusted returns.

In the fourth episode of The CLO Investor, Flat Rock Global CIO Shiloh Bates discusses credit investing, loan recoveries, and the path to building a successful management platform with Ivo Turkedjiev, a broadly syndicated CLO manager at New Mountain Capital.

In the third episode of The CLO Investor, Flat Rock Global CIO Shiloh Bates talks to Scotia Bank's David Williams, a prominent CLO (collateralized loan obligation) banker. Shiloh and David discuss CLO issuance, refis and resets, profitability, and opportunities and challenges in today's CLO Market.  

In the second episode of The CLO Investor, Flat Rock Global CIO Shiloh Bates discusses the CLO (collateralized loan obligation) market, CLO issuance, refis/resets, and more with colleague Derek Russo.