In its order the SEC accused KCAP of valuing certain collateralizedloanobligation investments at cost.
2
CollateralizedLoanObligation (CLO) funds are also buying and demand for US floating rate assets is increasing abroad.
3
The firm is looking to buy individual loans for the first time, in addition to its current holdings of CollateralizedLoanObligation funds.
4
Asset coverage rules for BDCs are far more restrictive compared to other lending vehicles, including traditional banks as well as CollateralizedLoanObligation funds.
5
The deal will also be rated, which is likely to further buoy institutional demand for the paper, including from CollateralizedLoanObligation (CLO) funds.
6
Second-lien debt is attracting institutional investors outside of CollateralizedLoanObligation (CLO) funds, especially from firms that can buy both high-yield bonds and loans.
7
CollateralizedLoanObligation creation is on track for more than US$80bn this year after some estimates put the earlier total at around US$50bn.