Asset owners in Asia are warming to CLOs blended with direct private lending but will need to tighten the due diligence on their managers as a result, investment experts say.
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The US-based alternatives credit firm says the US securitised leveraged loan market is fundamentally healthy, but some investors are still shunning the segment.
Even traditionally conservative Asian institutions are being drawn to non-investment grade US debt vehicles, notably high-yield bonds and CLOs, says Asia-Pacific head Nick Hoar.
