Josh Eisenberger’s Post

I recently participated in Invisso’s US CLO Forum. As always it was a lively discussion on the current US CLO market, including the pace of CLO liability tightening and how that is driving CLO Issuance, the effect that Private Credit is having on leveraged lending and CLO creation and how higher rates and looser credit documentation are driving managers’ credit selection across issuers and different instruments across capital structures. One of the more frequently asked questions was how looser credit documents and the ability for aggressive liability management is impacting the market. Understanding the complexity of each loan document and how differing credit protections can drive differentiated outcomes is a key component in determining ultimate recoveries in these uncertain situations. In this highly complex market it is even more important we negotiate fair and equitable loan terms that will offer lenders the greatest protection possible. Link to full story in 9fin.  Story: https://lnkd.in/epQ9NYWm Preview:https://lnkd.in/eaXySxn9 Michael Lin, CAIA Jonathan Abramson Information Management Network (IMN) 9fin Sculptor Capital Management #CLOs #LeveragedLoans

Excited to announce the close of Sculptor US CLO XXXII and the launch of Sculptor Loan Financing Partners. Together with my colleagues Jonathan Abramson & Michael Lin, CAIA we have started this year off with three CLO refinancings and one new US CLO, can’t see wait to see what the rest of the year brings.

It was great to connect with industry peers and participate in discussions at The Structured Finance Association’s SFVegas Conference in late February. We had a fantastic conversation on the MarketBeat: CLO Manager Roundtable where we discussed topical items in the CLO and leveraged loan markets such as loan market expectations for 2024, how a resurgent CLO AAA market is impacting new CLO and syndicated loan creation and how private credit and increased competition in credit markets is fueling a thriving syndicated loan market. #sfvegas2024 #SFVegas #CLOs #leveragedloans Sculptor Capital Management Michael Lin, CAIA Jonathan Abramson

Excited to join this year’s Structured Finance Associations’ Conference in Vegas to discuss what’s happening across the CLO and Leveraged Loan markets.    #sfvegas #clos  #leveragedloans Sculptor Capital Management Michael Lin, CAIA, Jonathan Abramson

It was great connecting with colleagues and investors at this year's Opal CLO Summit. During the CLO Manager Roundtable, we had a lively discussion sharing our views on forward loan default and recovery expectations, private credit's evolving impact on the broadly syndicated loan market and the case for tighter CLO AAAs in 2024. A big thanks to the Opal Group for a fantastic conference dedicated to discussing the most important topics effecting today’s CLO market. Sculptor Capital Management Jonathan Abramson Michael Lin, CAIA

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