“We continue to expand our CLO portfolio in preparation for the upcoming Conversion, and in the fourth quarter, we grew that portfolio by another 18% sequentially to $171.1 million. Most of this growth came in CLO equity, where we currently see the most attractive opportunities. With CLO debt spreads tightening, the economics of both new and existing CLO equity investments are improving. Meanwhile, persistent pricing inefficiencies continue to create compelling relative value opportunities across the CLO market,” said Laurence Penn, Chief Executive Officer and President.
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