The $1.2 Trillion CLO Market | Shiloh Bates, Flat Rock Global
Shiloh Bates is the Chief Investment Officer of Flat Rock Global, an alternative credit manager with about $1.6 billion in assets under management across three interval funds. Previously, he was a Managing Director at Benefit Street Partners and Head of Structured Products at BDCA Adviser. He is the author of CLO Investing and host of The CLO Investor Podcast.
We discuss how CLOs work, why CLO equity has disappointed over the last two years, how to compare CLO managers, why captive equity funds have hurt the market, what private credit CLOs do differently, and why he sees value in CLO equity…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.