Download Report

Directory
2
2
Creditflux Guide to CLOs
xxx
Who are the
participants?
The most important participants in a CLO
are the investors, but there are several
other parties involved. We will describe the
manager’s role in chapter 4. Here is a rundown of some of the other participants.
The issuer
T
he issuer is central to a CLO, but it is in some ways the
least real. CLO securities are issued by a special purpose
vehicle – technically a company, but one that has no staff
and that exists only for the purpose of issuing these debt
securities. Unlike investors in a corporate bond, CLO investors
cannot meet with the issuer, they can’t question its managers and
they can’t sue it.
If they were to turn up at the registered address of the CLO, typically
in the Cayman Islands, investors would find themselves in the
offices of a firm such as Maples Fund Services or Intertrust SPV.
These firms specialise in setting up and administering special
purpose vehicles and funds but do not get involved in any way in
the investment activities of the CLO.
The reason CLOs are issued by a special purpose vehicle is to keep
them legally separate from the other parties to the transaction,
Creditflux Guide to CLOs
3
CLO directory
Managers
Valcour Capital
www.valcourcapital.com
Western Asset Management
www.westernasset.com
Vanderbilt Capital Advisors
www.vcallc.com
West Gate Horizons Advisors
www.westgatehorizons.com
Voya Alternative Asset Management
investments.voya.com
Whitney & Co
www.whitney.com
Wellington Management
www.wellington.com
Zais Group
www.zaisgroup.com
Trustees
BNY Mellon
www.bnymellon.com
Deutsche Bank
www.gtb.db.com
Citibank
www.citibank.com
State Street
www.statestreet.com
Your expanded listing here
Contact names
Address
Brief description
Company logo
4
Printspec:
pdf format
CMYK colours
only
text, images
and logo
124mm x 52mm
300dpi
Creditflux Guide to CLOs
xxx
Managers
BlueCrest Capital Management
www.bluecrestcapital.com
Brigade Capital Mgmt
www.brigadecapital.com
Brigade Capital Mgmt
www.brigadecapital.com
Catalina London
www.catlinalondon.com
Catalina London
www.catlinalondon.com
Christofferson Robb
www.christofferson.com
The inside track on CLO
activity and performance
Access data on over 1200
CLOs across US and Europe
Contact Tom Davidson tom.davidson@creditflux.
com or call +1 212 604 0704 for a demonstration
clo-i.com
Christofferson Robb
www.christofferson.com
CIC
www.cic.com
CIC
www.cic.com
CreditValue-Partners
www.creditvalue-partners.com
CreditValue-Partners
www.creditvalue-partners.com
BlueCrest Capital Management
www.bluecrestcapital.com
BlueCrest Capital Management
www.bluecrestcapital.com
Brigade Capital Mgmt
www.brigadecapital.com
Creditflux Guide to CLOs
5