One that you may not have much deal exposure to is called a collateralized loan obligation or CLO. CLOs are not new, having been around since banks and insurance companies started to use CLO ...

(Bloomberg) -- MidOcean Credit Partners’ investment in the riskiest part of its own collateralized loan obligations returned ... its debut equity fund for CLOs last year of more than $300 ...

Sales of these bonds, known as collateralized loan obligations, reached a record of ... That helped make it cheaper to fund CLOs, allowing more of them to be assembled. The high sales volume ...

Low-rated corporate loans are ... traded funds of collateralized loan obligations—securities made by bundling junk-rated ...

Wonky. Tight-knit. And, insiders say, misunderstood. Welcome to the obscure world of CLOs, or collateralized loan obligations, where low-rated loans for indebted companies are pooled into a bond ...