First CLO Manager in the Nordics
We established the CLO platform in the Summer of 2015, and issued our first CLO in the Summer of 2016. Currently, Accunia has four CLOs under active management following the closing of the fourth in March 2020.
Our competitive advantage is to leverage our size to enable a nimble strategy within the credit markets. This strategy allows us to make swift investment decisions while not being hindered by the need to enter or exit large positions.
Collateralized Loan Bonds (CLO’s) are standardized bonds issued with collateral in a pool of underlying business loans offered on the institutional loan market.
The selection is made through a process where the underlying pool of loans is analysed with a focus on dispersion. European corporate loans are an asset class with attractive characteristics for the investor. The loans are variable-rate and are typically issued with first priority claim in the company’s assets. The loans therefore rank before unsecured senior debt (bonds), subordinated debt and equity (shares) in the event of bankruptcy.