9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to!

Sourcing triple-A investors is always a major focus of CLO managers, but it's become especially acute over the past few months in the US market. 

Demand for this part of the capital stack has become pinched of late, so it's understandable that people are asking when that pressure is going to ease. To answer that question, we talked to Adrienne Butler, co-head of Barings US high yield and head of US CLO funds. 

She also touched upon the reinvestment crunch the CLO market is grappling with, how to manage low recovery rates from loan defaults and what the growth of private credit means for the broadly syndicated loan market..