An independent research service focused on European and US CLOs, offering documentation review and data analysis.
Start Free TrialOur expert reviews transform complex offering circulars into structured, comprehensive documents, including data points and valuable commentaries, resulting in actionable insights, highlighting changes, risks, and market trends.
Transformation of complex legal documents into transparent and understandable content.
Generated by the combination of deep analysis, identification of relevant trends and strategic intelligence.
Focus, quality and structure of reviews provide enhanced decision-making and negotiation abilities.
In this monthly trend report we feature a sample of recent transactions we analysed as well as a review of a direct lending CLO.Below is a sample of transaction reviews based on the final offering cir...
The concept of "excess par obligations" was once a standard CLO provision, typically capped at a low single-digit percentage. Today, most transactions are priced without it — and we believe for good r...
The documentation quality, which is fairly protective, has maintained from where we left off in 2025, notably with regard to the post reinvestment criteria, portfolio profile tests, trading gains, etc...