Wall Street bankers looking to raise fresh financing for multi-billion dollar buyouts are getting a boost from the record start to the year from a critical part of the leveraged loan universe.
Sales of collateralized loan obligations stand at $32.7 billion in the US so far, surpassing the previous high of $24.6 billion in 2021, according to Bank of America research. In Europe, CLO issuance has also reached a historically fast pace, with €5.1 billion ($5.5 billion) printed by Feb. 26, the bank’s data shows.
Volta Finance Ltd (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.