What is a CLO?
CLOs are structured finance vehicles that raise money from investors by issuing two types of tranches — debt and equity — to fund the purchase of a diverse pool of underlying corporate loans.
Underlying loans
A diverse pool of broadly syndicated first-lien corporate loans forms the collateral base.
Tranched structure
Debt and equity tranches fund the purchase, each representing varying levels of risk and return to meet different investor needs.
Active management
The CLO manager actively manages these loans — selecting, trading, and monitoring credits, as in an investment fund.
Related insights
View all insights →Why CLO Equity Deserves a Seat at the Table
Making the case for CLO equity as an under-appreciated source of yield and diversification in credit portfolios.
2026 High Yield & Leveraged Loan Mid-Year Review
A mid-year assessment of spread dynamics, issuance trends, and relative value across the leveraged credit landscape.
Polen Capital Closes Second CLO in 2025 at $408.45 Million
Polen Capital completes its second CLO transaction of 2025, demonstrating continued momentum in structured credit.