Fixed + Floating - The Credit Podcast
Fixed + Floating - The Credit Podcast
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Why Is CLO Equity Underperforming? And Can Private Credit CLOs Do Better? | Shiloh Bates (Flat Rock Global) #22

01:17:45
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SOBRE ESTE EPISÓDIO

Shiloh Bates (Flat Rock Global) on CLO equity returns, loan repricing and private credit CLOs.CLO equity returned about −8% in 2025, on Flat Rock Global's CLO Equity Index. Defaults on 2021-vintage LBOs rose, recoveries fell to around 50 cents, and performing loans repriced tighter.


Josef Pschorn speaks with Shiloh Bates about why reinvesting prepayments at a discount, the self-healing mechanism, no longer offsets those losses.


Shownotes and analysis: ⁠https://www.fixedandfloating.com/


Shiloh Bates: Partner and Chief Investment Officer, Flat Rock Global.

LinkedIn: https://www.linkedin.com/in/shiloh-bates-186ab28/

Flat Rock Global: https://flatrockglobal.com/

The CLO Investor podcast: https://www.youtube.com/playlist?list=PLnbXP4G8NDQI85q1cD--dAW6L5o0fKVWQ

CLO Investing (book): https://www.amazon.com/dp/B0CHN94H8G


Connect with Fixed + Floating: ⁠https://www.linkedin.com/company/fixed-floating⁠ | ⁠https://twitter.com/FixedFloating⁠ |


Fixed + Floating is for informational purposes only. Not investment, legal, or tax advice.


Recorded: 23.09.2026


#fixedfloating #creditmarkets #clo #privatecredit #leveragedloans #structuredcredit

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Inglês
Estados Unidos da América
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