KBRA Report Shows Stability and Shifts in European CLO Manager Rankings
KBRA, a leading global credit rating agency, has published a new report comparing the investment styles of Collateralized Loan Obligation (CLO) managers across Europe. The report, a follow-up to KBRA's March 2025 update, provides insights into the stability and shifts in manager rankings over the past six months.
The report highlights the stability in the conservative cohort, with six managers maintaining their positions since March 2024. However, there were notable changes within this group. Redding Ridge, previously at the helm, has slipped to second place. Meanwhile, Bridgepoint has made a significant move, climbing 35 positions to join the more balanced group.
In the most balanced group, four managers have retained their positions from the March 2025 update. Five opportunistic managers have also kept their top 10 status, with four new entrants joining the group, indicating a moderate level of turnover. KBRA notes that overall turnover in manager rankings has moderated over the past six months, with no significant shifts backwards in conservative investment strategies reported.
KBRA's report offers valuable insights into the European CLO manager landscape, demonstrating both stability and change. The agency, registered in the U.S., EU, and the UK, provides ratings for regulatory capital purposes in multiple jurisdictions. As the market evolves, KBRA continues to monitor and report on these trends, aiding investors in understanding the dynamics at play.
