PT  - JOURNAL ARTICLE
AU  - Mark Adelson
TI  - CLO Conference Notes 2022
AID  - 10.3905/jsf.2022.1.143
DP  - 2022 Sep 17
TA  - The Journal of Structured Finance
PG  - jsf.2022.1.143
4099  - https://pm-research.com/content/early/2022/09/16/jsf.2022.1.143.short
4100  - https://pm-research.com/content/early/2022/09/16/jsf.2022.1.143.full
AB  - The 11th Annual Investors’ Conference on CLOs and Leveraged Loans attracted more than 800 market participants and was held on May 23–24, 2022, at the Marriott Marquis hotel in New York City. Key themes at the conference included 1) the ability of collateralized loan obligation (CLO) managers to deal with evolving conditions, 2) headwinds from inflation, rising interest rates, and the prospect of recession, and 3) the incorporation of environmental, social, and governance (ESG) considerations into CLOs. On the legal/regulatory front, the development that received attention in multiple sessions was the SEC’s proposed rule for private funds. The panels generally conveyed a cautiously optimistic outlook for the CLO sector, but they expect that issuance for 2022 will be below last year’s levels.Sessions CoveredMonday, May 23 SessionsKEYNOTE: Economic Outlook for Financial MarketsMark, Set…CLO: Market Recap and OutlookESG CLOs: Moving from “Sustainable” to “Conscious”Middle Market CLOs and the Role of Private Credit: Where Are We Headed?CLO Manager Roundtable: Fundamentals and TechnicalsTuesday, May 24 SessionsCredit Fundamentals: The Leveraged Loan Market OutlookSecuring Yield: Investor Strategies and Opportunities across the Capital StackThe Evolving Manager Landscape: Evaluating Manager Tiers and PerformanceOut of the Mist: Emerging Middle Market Trends“The Price is Right!”: Secondary Market TradingCRE CLOs: Expanding MomentumMore than Plain Vanilla: CLO Structural Evolution“What’s up Docs?”: CLO Documentation TrendsThe Innovation Game: Technology and the Future for CLOs