CDOs/CLOs

Experience isn the only thing that sets managers of collateralized loan obligations apart, according to Scott D’Orsi, a partner with Feingold O’Keeffe Capital; it's also a matter of investment style.

Upwards of $7 billion of collateralized loan obligations priced in December, bringing the total for the year to around $53 billion, and market participants say the 2012 pipeline is building.

The collateralized debt obligation (CDO) may not have a great reputation, but it has an important strength: versatility.

The much-maligned collateralized debt obligation appears to be set to play a crucial role in the recapitalization of commercial real estate. Only no-one is calling these deals CDOs.

Experience isn the only thing that sets managers of collateralized loan obligations apart, according to Scott D’Orsi, a partner with Feingold O’Keeffe Capital; it's also a matter of investment style

A much-maligned structure is being used to recapitalize debt-heavy commercial real estate.

KKR Financial Holdings has closed its $412 million CLO called KKR Financial CLO 2012-1, its first forray into the broadly syndicated securitization market since 2007.

In the second to last week of the year, the pace of CLO issuance is still going strong, with several deals making the rounds.

Hercules Technology Growth Capital said today it completed a $231 million collateralized loan obligation, the company’s first CLO.