Leveraged Loan Demand Depends on CLO Managers Ramping Up: Q&A

The leveraged loan market is entering a period of stability through the end of the year, but collateralized loan obligation issuance is key for spurring new buyout debt deals, said Maureen D’Alleva, head of global performing credit at Angelo Gordon.

D’Alleva, whose firm has about $52 billion in assets under management across credit and real estate, spoke with Bloomberg’s Jill Shah on November 15. Comments have been edited and condensed.

What’s driving this thaw in the leveraged loan market?

We’ve had some cash inflows from excess cash flow sweeps and debt repayments, so we’re just at a better ...