Resilient CLOs Demonstrate Transatlantic Appeal
After successive years of strong growth, the European CLO market has once again proven resilient to global economic turbulence with the recent performance reflective of US managers' desire to issue this highly popular product on both sides of the Atlantic.
Despite an uncertain economic outlook, geopolitical concerns and a deteriorating credit environment, the CLO market in Europe got off to a positive start in 2023. While expectations of a slowdown and potentially higher interest rates permeated, particularly amid stubborn inflationary pressure, the deal flow that emerged in the key European centres of Dublin and Jersey indicated demand remained strong while remaining somewhat cautious over the outlook for the remainder of the year. There are some key insights to be drawn from this activity in European CLOs, especially in the context of the record growth achieved in recent years.
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The Maples Group global CLO team provides Cayman Islands, Irish and Jersey legal advice and CLO issuer / co-issuer and fiduciary services in the Cayman Islands, Delaware, Dublin, Jersey, London and the Netherlands. The team comprises both specialist CLO lawyers and CLO fiduciary professionals across our global network. Since the inception of the CLO market, we have provided clients with unparalleled knowledge, experience and insight into what we see across the whole structured finance market, from the latest warehousing structures, to the latest regulatory developments and how they impact CLOs, to ongoing post-closing CLO issues.
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