On October 28th the CLO Task Force hosted an internal Roundtable to the membership providing market commentary on the CLO markets to over 30 investors in the industry, the discussion was led by Task Force Chair Dan Wohlberg, Director, Eagle Point Credit Management. The themes of the discussion centered around documentation, particularly in reference to underlying loans and the impact on recovery rates, what the outlook is for U.S & European CLOs especially when taking into consideration the introduction of SOFR in December as we move away from LIBOR. The group also provided an outlook on 2022, looking at where spreads are going and why there has and will continue to be a stronger demand for Equity. 

Members of the task force who provided insights are listed below. 

 Laila Kollmorgen, Managing Director, Pinebridge

Joe Trunzo, Vice President, Carlyle

Olga Chernova, Chief Investment Officer, Sancus Capital

Vedanta Bagchi, Director, Commerzbank

Pramit Mukherjee, Senior Investment Manager, Legal & General

FIIN Roundtables are member-only, closed-door conversations, their aim is to facilitate lively and candid conversations on a wide array of topics in the structured finance market ecosystem. The free-flowing format connects presenters and audience in a safe space without the intrusion of media or commercial sponsors.