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Artwork for The CLO Investor Podcast

The CLO Investor Podcast

Shiloh Bates
Collateralized Loan Obligations
CLO Equity
CLO Market
Leverage Loans
Private Credit
Flat Rock Global
Private Equity
Interest Rates
Leveraged Loans
Global Financial Crisis
Middle Market Loans
Securitization
Default Rates
Financial Crisis
Leveraged Buyouts
Commercial Real Estate
Asset Management
High Yield Bonds
Covid-19
Debt

The CLO Investor Podcast with Shiloh Bates features an in-depth look at the Collateralized Loan Obligation market. Shiloh Bates is the Chief Investment Officer at Flat Rock Global, and author of CLO Investing with an Emphasis on CLO Equity and BB Notes, discusses CLO basics, from "what is a CLO?" to "how do CLOs work?", reviews relevant topics in the CLO industry, and interviews key market players... more

PublishesMonthlyEpisodes35Founded2 years ago
Number of ListenersCategories
BusinessInvesting

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Artwork for The CLO Investor Podcast

Latest Episodes

Cyrus Moshiri, Head of Structured Credit at New Mountain Capital, joins The CLO Investor podcast to discuss how New Mountain is differentiated from other private credit businesses, if private credit is as attractive as it used to be, the risk in soft... more

YouTube

Chris York, Partner at SLR Capital, joins The CLO Investor podcast to discuss the evolving landscape for BDCs and private credit, including public BDC discounts, software loan risk, tender activity, and where risk‑adjusted opportunities remain as the... more

YouTube

Drew Sweeney, Co-Head of Global Credit of TCW, joins The CLO Investor podcast to discuss loans to software businesses at a time when AI-displacement risk is elevated. We discuss the question of if declining software valuations and cash flows will be ... more

YouTube

John Kim, CEO and Co-Founder of Reckoner Capital, joins The CLO Investor podcast to discuss the launch of innovative CLO ETFs, including leveraged and reinvesting structures. The conversation also covers broader trends in the CLO market, risk conside... more

YouTube

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Recent Guests

Cyrus Moshiri
Head of Structured Credit at New Mountain Capital
New Mountain Capital
Episode: #35, Cyrus Moshiri, Head of Structured Credit, New Mountain Capital
Chris York
Partner at SLR Capital
SLR Capital
Episode: #34, Chris York, Partner, SLR Capital
Drew Sweeney
Co-Head of Global Credit at TCW
TCW
Episode: #33, Drew Sweeney, Co-Head of Global Credit, TCW
John Kim
CEO and Co-Founder of Reckoner Capital
Reckoner Capital
Episode: #32, John Kim, CEO and Co-Founder, Reckoner Capital
Serhan Secman
Global Head of CLOs at Napier Park
Napier Park
Episode: #31, Serhan Secman, Global Head of CLOs, Napier Park
Greg Borenstein
Portfolio Manager at Ellington Credit Company
Ellington Credit Company
Episode: #28, Greg Borenstein, Portfolio Manager, Ellington Credit Company
Mike Hatley
Senior Advisor at Rothschild & Co. and a pioneer in the CLO market with over 30 years of experience.
Rothschild & Co.
Episode: #27, Mike Hatley, Senior Advisor, Rothschild & Co.
Sean Griffin
Executive Director of the LSTA
LSTA
Episode: #26, Sean Griffin, CEO, LSTA
Jonathan Horowitz
Partner and Head of Structured Liabilities at Fortress Investment Group
Fortress Investment Group
Episode: #25, Jonathan Horowitz, Partner & Head of Structured Liabilities, Fortress Investment Group

Host

Shiloh Bates
Host of The CLO Investor Podcast

Reviews

5.0 out of 5 stars from 45 ratings
  • thanks Shiloh. This is great stuff. I've learned so much more about CLOs by listening to the podcasts. I too am a CLO equity investor. These podcasts have made me a better investor.

    Audible
    5
    Paddy W.
    United States2 years ago
  • so very useful

    thanks Shiloh. This is great stuff. I've learned so much more about CLOs by listening to the podcasts. I too am a CLO equity investor. These podcasts have made me a better investor.

    Audible
    5
    Paddy W.
    United States2 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Shiloh Bates brings deep CLO expertise and industry veteran guests.
Guests typically include senior CLO practitioners and market researchers with practical investment insights.

Chart Rankings

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

Apple Podcasts
#55
South Korea/Business/Investing
Apple Podcasts
#218
South Korea/Business
Apple Podcasts
#218
Finland/Business/Investing
Apple Podcasts
#236
Brazil/Business/Investing
Apple Podcasts
#238
Denmark/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

#34, Chris York, Partner, SLR Capital
Q: Chris, is there anything topical in the BDC space that we didn't cover today?
Innovation in structures like unitranche and evolving distributions of BDCs are ongoing topics, with an emphasis on managing liquidity, protecting investors, and exploring opportunistic private credit strategies, including the potential growth of private credit secondaries and broader alternative investments.
#34, Chris York, Partner, SLR Capital
Q: Do you or your firm have any particular view on software loans and whether the market is pricing in big losses, or if changes in software enterprise values will be more of an issue for private equity owners?
The firm maintains a diversified private credit approach including ABL, lender finance, life science lending, and direct lending, allowing tactical allocation away from risky software exposures. While software risk is recognized, the portfolio allocations show that software exposure in public BDCs is relatively limited, and the focus is on risk-adjusted returns across private credit rather than overconcentration in software.
#34, Chris York, Partner, SLR Capital
Q: For our listeners who might not be as familiar with BDCs, what's kind of the one-minute overview, and how would you compare BDCs to a CLO structure?
BDCs are essentially commercial lending investment vehicles that provide access to a diversified pool of private credit assets and are regulated as investment companies under the 40 Act. They offer similar exposure to CLOs in the sense of being credit investment wrappers, but differ in structure, leverage, and distribution requirements, with BDCs generally targeting different risk/return profiles and leverage caps than CLOs.
#29, Brad Larson, Head of U.S. Global Credit Financing, CIBC
Q: What are the key drivers for the issuance this year?
Brad states that strong demand across the board, especially from ETFs and a solid credit environment are driving the CLO issuance, along with a general interest in the market's performance.
#29, Brad Larson, Head of U.S. Global Credit Financing, CIBC
Q: At CIBC, you guys have found a lot of Canadian investors that are interested in CLOs. Are they primarily playing up the stack in, like, the investment grade, or have you found pockets interested in equity and BBs as well?
Brad notes that Canadian investors are interested across the capital structure but lean more towards the junior parts, indicating a diverse range of interests from equity to investment grade.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About The CLO Investor Podcast

What is The CLO Investor Podcast about and what kind of topics does it cover?

This show centers on the Collateralized Loan Obligation (CLO) market, with a heavy emphasis on CLO equity, debt, and structured credit. Across episodes, conversations probe market dynamics, regulatory shifts, and the evolving economics of CLOs—from defaults, spreads, and liquidity to the impact of rate changes and macro conditions. Guests include senior CLO practitioners, traders, and researchers who share practical insights on investment strategies, risk management, and market structure, often highlighting how different sponsor models and asset selections influence performance. A notable strength is the depth of industry experience among guests, with long-time market participants offering historical context and forward-looking outlooks for... more

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Which podcasts are similar to The CLO Investor Podcast?

These podcasts share a similar audience with The CLO Investor Podcast:

1. The Credit Edge by Bloomberg Intelligence
2. FICC Focus
3. The View From Apollo
4. Capital Allocators – Inside the Institutional Investment Industry
5. Masters in Business

How many episodes of The CLO Investor Podcast are there?

The CLO Investor Podcast launched 2 years ago and published 35 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 CLO Investor Podcast?

Recent guests on The CLO Investor Podcast include:

1. Cyrus Moshiri
2. Chris York
3. Drew Sweeney
4. John Kim
5. Serhan Secman
6. Greg Borenstein
7. Mike Hatley
8. Sean Griffin

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