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Capra Ibex
Dec 16, 202411 min read
Outlook for Leveraged Loan Issuers in 2025 and Beyond
We outline the extent of the problems for leveraged loan issuers, and whether the wave of LMEs and expected rate cuts will be enough.
241 views
Capra Ibex
Jan 2, 20243 min read
US Market Commentary: CLO equity behemoth Capra Ibex Advisors' CIO/PM Michael Kurinets discusses key takeaways from 2023, opportunities in Q1
By David Graubard, LevFin Insights Also available at https://v2.creditsights.com/articles/10411956 In an exclusive interview with LevFin...
48 views0 comments


Capra Ibex
Aug 29, 20235 min read
CLO Insider: July Brings Calmer Markets
By Mike Kurinets, Chief Investment Officer Key Takeaways: Loan prices continued to rise in July. The price of leveraged loans increased...
176 views0 comments

Capra Ibex
Aug 7, 202310 min read
A Deep Dive on Par-Building and What It Means for CLO Equity in 2023-24
By Daniel Miller, Chief Credit Officer Summary During periods of elevated default rates, decreases in leveraged loan prices play an...
582 views0 comments


Capra Ibex
Jul 30, 20233 min read
CLO Insider: Risk-On Mentality Returns in June
By Mike Kurinets, Chief Investment Officer Key Takeaways: The US avoided default. On June 1, both chambers of the US Congress passed the...
146 views0 comments


Capra Ibex
Jun 27, 20235 min read
CLO Insider: What Caused May's Market Sell Off?
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank concerns returned in May. After the regional bank crisis appeared...
178 views0 comments


Capra Ibex
May 19, 20237 min read
CLO Insider: Why The Markets Calmed Down In April
By Mike Kurinets, Chief Investment Officer Key Takeaways: For most of April, the markets’ concerns over the regional banking crisis...
58 views0 comments


Capra Ibex
Apr 20, 20237 min read
CLO Insider Newsletter: How the Market Reacted to March's Banking Crisis
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank crisis drove market volatility in March. The unexpected news that...
210 views0 comments


Capra Ibex
Mar 23, 20235 min read
CLO Insider Newsletter: After Calm February, March's Banking Crisis Shakes CLO Market
By Mike Kurinets, Chief Investment Officer Banking Crisis Rattles CLO Market Before diving into our commentary about the CLO and...
110 views0 comments


Capra Ibex
Feb 22, 20238 min read
CLO Insider January 2023: What Didn't Change When the Market Rallied
By Mike Kurinets, Chief Investment Officer Key takeaways from January: The leveraged loan market rose sharply in January: For most of...
51 views0 comments


Capra Ibex
Jan 31, 20237 min read
CLO Insider Newsletter: 2022 Year in Review
By Mike Kurinets, Chief Investment Officer Key takeaways from December: The leveraged loan market sold off slightly in December: Though...
17 views0 comments


Capra Ibex
Jan 1, 20237 min read
2023-2024 Leveraged Loan Default Forecast
By Daniel Miller, Chief Credit Officer. Our Forecast Forecast leveraged loan default rate of 3.8% in 2023 and 3.3% in 2024 (rates...
92 views0 comments


Capra Ibex
Dec 20, 20226 min read
CLO Insider November 2022: CPI Report Sparks Market Rally
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the leveraged loan and CLO markets responded to...
40 views0 comments

Capra Ibex
Nov 30, 20228 min read
CLO Insider October 2022: Market Sees Signs of Relief
By Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the signs of relief that the CLO and leveraged loan...
16 views0 comments


Capra Ibex
Oct 24, 20226 min read
CLO Insider September 2022: Macro Concerns Spark Market Sell-Off
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the sell-off in the CLO and leveraged loan markets...
10 views0 comments


Capra Ibex
Sep 27, 20224 min read
CLO Insider August 2022: The Market Rally's Reversal
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the CLO and leveraged loan markets reacted to...
13 views0 comments


Capra Ibex
Aug 29, 20225 min read
CLO Insider July 2022: Recession Concerns Fade
by Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores why the leveraged loan markets turned bullish in July after...
25 views


Capra Ibex
Jul 18, 20226 min read
CLO Insider June 2022: Why the Market Rally Stalled
By Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores the impacts of June’s CPI report and the Fed’s 75 bp rate...
30 views
Capra Ibex
Jun 22, 20221 min read
US CLO's Are Piling Into Cheap Junk Bonds Adding Rates Risk
Bloomberg Law Read the article here: https://news.bloomberglaw.com/capital-markets/us-clos-are-piling-into-cheap-junk-bonds-adding-rates-...
6 views0 comments


Capra Ibex
Jun 8, 20225 min read
CLO Insider May 2022: Making Sense of a Bearish Market
by Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores how leveraged loan markets are reflecting growing concerns...
16 views
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