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CLO volume hits post-credit-crisis high of $8.3B in November

CLO volume reached another post-2007 high in November, as 16 managers printed $8.3 billion of new deals, topping October’s short-lived mark of $6.9 billion.

For the first 11 months of 2012, the volume of new, regular-way arbitrage deals stands at $45.8 billion. Add to that what managers expect will be another $5-6 billion of December business, and 2012 volume will likely climb to about $51-52 billion, versus $12.5 billion in 2011. That’s a giant leap for a market that produced just $15 billion of new vehicles during the extremely lean years of 2008-2010.

This chart is part of an LCD News analysis available to subscribers.

Other charts in that analysis:

  • CLO volume by year
  • Spreads and funding costs for CLOs
  • Average CLO size
  • CLO size
  • Number of fund managers that issued a CLO

1 Comment

  1. CLOs have withstood the test of time. With legacy equity pieces having gone from the single-digits to about $120 now, some investors are more than happy.

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