Democratising CLOs

Estimated at more than $1.4 trillion, the market for collateralised loan obligations, or CLOs, is poised for continued growth as new publicly traded securities broaden access. That means CLOs represent new territory for many investors, accentuating the importance of experience, resources and mission-specific expertise when selecting managers. "PGIM is very unique in terms of our CLO investment capabilities. We’ve been an investor in this market for decades, and we’ve also been a CLO issuer since well before the great financial crisis," says the firm’s Edwin Wilches. PGIM ranks among the...