Welcome to the second episode of Another Fine Mezz, GlobalCapital’s new podcast about securitization where we explore the most pressing issues in the market with some its most senior figures. 

In this episode we take a dive into the CLO markets in the US and Europe. 2021 was a bumper year for CLOs with record issuance in both markets. 2022 however, has been a rather more chastening experience, particularly in Europe as inflation and the war in Ukraine hit global markets. 

So, is the CLO party over? Will spreads drift wider still? How will CLOs fare in a recession? We asked Tyler Wallace from Fair Oaks Capital, Tim Thranfrom Bluerock, and Sandeep Chana from S&P Global where the market is heading.