Ep. 329: Shiloh Bates on CLO Risks, Private Credit and Macro Read-Through

Shiloh Bates is a Partner and Chief Investment Officer. Prior to that, he was a Managing Director at Benefit Street Partners. During his 20-year career, Mr. Bates has worked for several CLO managers and has been one of the largest investors in CLO securities. He wrote the book, CLO Investing with a focus on CLO Equity and BB Notes. He is also the host of the CLO Investor Podcast. In this podcast we discuss: 

• Private credit boom 
• Growth in covenant-lite loans 
• Industry concentration in CLOs 
• Refinancing trends 
• CLO debt performance 
• Banks and their holdings 
• CLOs vs. direct lending 
• Contagion risk 
• Impact of Fed cuts 
• Biggest risks 

You can follow Shiloh’s work here. 

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