CLO

The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.

The firm expects to see a rise in portfolio and property recap opportunities over the next six to 18 months as traditional lenders pull back. 

The $424m deal is comprised of 11 multifamily bridge loans from the ACRE Credit I lending platform.

The near-term impact of higher rates is already being felt in the US CMBS market.

Fourth iteration of debt fund focuses on multifamily, office, senior housing and logistics.

Disruption is impacting warehouse lenders’ ability to originate loans and hit targets.

CIO Tom Buttacavoli believes today’s over-stimulated economy could result in a mild recession in mid-to-late 2023. 

The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.