9Questions — Jane Lee & Alex Leonard, Blackstone — Moving forward with static CLOs
- 9fin team
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!
Blackstone printed its inaugural European static CLO last week (9 November) in a new strategy dubbed ‘Cumulus’, with Cumulus Static CLO 2023 being well received (9fin reported on triple-Bs and double-Bs for the deal being 2.6 times oversubscribed). In the US, the firm is also making progress on the firm’s first ever US private credit CLO.
We spoke to Alex Leonard, senior managing director and European Blackstone Credit's liquid credit strategies and Jane Lee, global head of capital formation efforts for Blackstone Credit's liquid credit strategies, to talk all things static and private credit CLOs, outlook for the European loan market in 2024 and captive equity fundraising.