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The Last Tranche

ION Analytics
CLO Equity
CLO Market
JP Morgan
Private Credit
Issuance and Refinancing
Clos
Investment Banking
Structured Credit
Private Equity
High Yield Loans
Active Portfolio Management
Loan Market
Market Trends
Debt and Equity Investors
Syndicate and Marketing
European CLO Market
CLO Investments
Creditflux
Interest Rates
Loan Defaults

Podcast from the Creditflux editorial team discussing global credit funds and CLOs.

PublishesInfrequentlyEpisodes30Founded6 years ago
Categories
BusinessBusiness NewsInvestingNews

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Artwork for The Last Tranche

Latest Episodes

Oaktree's Madelaine Jones discusses why investors are finding CLO equity more attractive. CLO issuance is booming due to a return of investors to the market. Many are drawn to CLO equity for its fast cash distribution nature that avoids the J-curve e... more

In this episode of the Last Tranche, Hubert Warzynski, Partner and Co-founder of Scandinavian CLO investor YMER talks about why like primary European equity again, but only for a handful of managers.

In this episode of the Last Tranche, Christine Ferris, JP Morgan's Global Head of CLO Primary talks about why she loves working with debut managers, despite the extra challenges they face.

#CLO

In this episode of The Last Tranche Gretchen Lam, CEO of Octagon Credit Investors, discusses whether investing in third-party CLO equity makes sense again.

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Recent Guests

Madelaine Jones
Head of Performing Liquid Credit in Europe at Oaktree
Oaktree Capital Management
Episode: The Last Tranche with Oaktree's Jones: why CLO equity is attractive again
Christine Ferris
Global head of CLO primary at JP Morgan
JP Morgan
Episode: The Last Tranche with JP Morgan's Ferris: new managers should focus on equity
Gretchen Lam
CEO of Octagon Credit Investors
Octagon Credit Investors
Episode: The Last Tranche with Octagon's Lam: CLO equity makes sense again

Reviews

4.8 out of 5 stars from 26 ratings
  • The CLO podcast

    If you work with the niche product that is CLOs, you need to listen to this podcast.

    Apple Podcasts
    5
    NCR Veteran Ranger
    United States4 years ago

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#118
Japan/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

The Last Tranche with Octagon's Lam: CLO equity makes sense again
Q: So the opportunity to source cheap loans in the secondary market is far more limited?
Yes, the loan market is now trading above par, creating challenges in sourcing loans.
The Last Tranche with Octagon's Lam: CLO equity makes sense again
Q: Do you think those levels are sustainable or do folks need to move fast?
I think they are sustainable. We see a line of sight to 150, really inside of 150 as well over the course of the year.
The Last Tranche with JP Morgan's Ferris: new managers should focus on equity
Q: How many debut managers do you think we're going to see come to the market this year?
Historically, the number of debut managers has been around six to seven per year, and we are on track for that number, possibly even a bit more due to strong issuance.
The Last Tranche with JP Morgan's Ferris: new managers should focus on equity
Q: How easy is it for a new debut manager to price in, say, the US?
While it’s never easy to describe CLO originations, it is relatively easier now than in prior years due to compressing spreads.
The Last Tranche with YMER's Warzynski: we like primary equity again
Q: How are you feeling just in general about European primary issuance going forwards?
It's been surprisingly strong and it seems like demand for debt is very strong as well, especially for the AAA tranche.

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Which podcasts are similar to The Last Tranche?

These podcasts share a similar audience with The Last Tranche:

1. The CLO Investor Podcast
2. Cloud 9fin
3. FICC Focus
4. The View From Apollo
5. WSJ What’s News

How many episodes of The Last Tranche are there?

The Last Tranche launched 6 years ago and published 30 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Last Tranche?

Recent guests on The Last Tranche include:

1. Madelaine Jones
2. Christine Ferris
3. Gretchen Lam

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