KopenTech in the Press
Paola Aurisicchio of GlobalCapital reports on the barriers of CLO investing, and how tech is improving investor's access to information.
KopenTech is pleased to announce that we have been selected as the "Best New Front-Office Fintech Solution" at Fund Intelligence's Operations & Services Awards 2021.
TCW Asset Management successfully refinanced their TCW CLO 2019-1 liabilities via online AMR feature on January 28th, marking the first occurrence for a CLO to utilize AMR refi twice. $800 MM of bids were received through the platform, resulting in a 2.6x oversubscription. The A1/AAA tranche cleared at L+97.
Potential AMR CLO refinancing candidates include: Atlas Loan Fund VIII, Mountain View CLO 2017-2, Catamaran CLO 2014-1, TCW CLO 2019-1, and Columbia CLO 29. After the successful Mountain View XIV AMR auction on the KopenTech platform, more managers eye the refinancing method this year.
Mountain View CLO XIV refinanced its liabilities, using KopenTech’s online AMR platform. $1.3B of bids were received through the platform, resulting in a 3.5x oversubscription. The A1/AAA tranche cleared at L+112.
Columbia Threadneedle prices the $409.3 MM Columbia CENT CLO 30 embedding AMR refinancing. CENT CLO 30 is the tightest five-year reinvestment US CLO since March.
KopenTech presents the metrics found to be indicative of CLO secondary market health. See the full study published by AltCredit.
Priced by Citi, HalseyPoint Asset Management’s $500.365M HalseyPoint CLO 3, Ltd. marks the 10th CLO to utilize KopenTech’s online AMR refinancing feature. With the deal closing on November 24, 2020, the total volume of CLOs featuring the AMR mechanism now exceeds $4.4 billion.