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Overview
CLOs
BSP is one of the world’s largest global collateralized loan obligation (CLO) managers, with a platform established in 2002 and $31 billion in assets under management*. We issue CLO transactions across the U.S. and Europe, supported by a large, experienced credit research organization and dedicated portfolio management teams with deep regional expertise.
Our CLOs are managed with a focus on high quality senior secured liquid loans, rigorous credit underwriting, robust portfolio construction, and active risk management, with the objective of delivering consistent, risk-adjusted returns and resilience through credit cycles.
BSP’s Global CLO issuance strategies provide efficient exposure through well-established securitization structures that have been tested across credit cycles, offering a range of risk and return profiles across debt and equity tranches in BSP-managed CLOs.
BSP’s Captive Equity strategies provide access to equity and select mezzanine positions in BSP-managed CLOs across the U.S. and Europe, designed to address sourcing, structuring, and regulatory complexities that often limit direct access to CLO equity.
Strategies
BSP’s U.S. CLO business dates back to 2012 and totals $23 billion in AUM*. The strategy addresses investors’ need for exposure to U.S. leveraged loans in a structured format designed to offer diversification and income across economic cycles.
BSP’s U.S. Captive Equity strategy provides access to equity tranches of BSP-managed U.S. CLOs, focusing on control positions in warehouses, new issue equity, and selected mezzanine tranches on preferred terms. The strategy is intended for investors seeking direct, scalable access to the cash-flow profile and long-term return potential of U.S. CLO equity.
BSP’s European CLO business dates back to 2002 and totals $8 billion in AUM*. The strategy is designed for investors seeking exposure to European leveraged loans through a diversified, structured format with strong structural protections.
BSP’s European Captive Equity strategy invests primarily in control or lead positions of BSP-managed European CLO warehouses, new issue equity, and mezzanine tranches on preferred terms, with the ability to invest selectively in third-party CLO mezzanine tranches. The strategy provides direct, scalable access to European CLO equity and mezzanine exposure while meeting regulatory risk-retention requirements and maintaining alignment between BSP and its investors.
Footnote
*AUM amounts are approximations as of December 31, 2025 unless noted otherwise and are unaudited. Certain amounts are preliminary and remain subject to change.