CLO Conference Notes 2022

The 11th Annual Investors’ Conference on CLOs and Leveraged Loans attracted more than 800 market participants and was held on May 23–24, 2022, at the Marriott Marquis hotel in New York City. Key themes at the conference included: 1) the ability of collateralized loan obligation (CLO) managers to deal with evolving conditions, 2) headwinds from inflation, rising interest rates, and the prospect of recession, and 3) the incorporation of environmental, social, and governance (ESG) considerations into CLOs. On the legal/regulatory front, the development that received attention in multiple sessions was the SEC’s proposed rule for private funds. The panels generally conveyed a cautiously optimistic outlook for the CLO sector, but they expect that issuance for 2022 will be below last year’s levels. Sessions Covered Monday, May 23 Sessions KEYNOTE: Economic Outlook for Financial Markets Mark, Set…CLO: Market Recap and Outlook ESG CLOs: Moving from “Sustainable” to “Conscious” Middle Market CLOs and the Role of Private Credit: Where Are We Headed? CLO Manager Roundtable: Fundamentals and Technicals Tuesday, May 24 Sessions Credit Fundamentals: The Leveraged Loan Market Outlook Securing Yield: Investor Strategies and Opportunities across the Capital Stack The Evolving Manager Landscape: Evaluating Manager Tiers and Performance Out of the Mist: Emerging Middle Market Trends “The Price is Right!”: Secondary Market Trading CRE CLOs: Expanding Momentum More than Plain Vanilla: CLO Structural Evolution “What’s up Docs?”: CLO Documentation Trends The Innovation Game: Technology and the Future for CLOs