No End in Sight for CLO Consolidation

Colter, Allison Bisbey
July 2011
High Yield Report;7/18/2011, p11
The article explores the continued activity in the consolidation of collateralised loan obligations (CLO) managers despite the rebound of the structured investment vehicle. James Zelter of Apollo Global Management disclosed their acquisition of Gulf Stream Asset Management, which would expand the former's senior loan business to over 14 billion U.S. dollars. Cindy Williams of law firm Dechert cited that until risk retention rules change, the consolidation will continue.


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