Creditflux announces 2024 CLO Manager Awards winners

By Tom Davidson

Creditflux held its 16th annual CLO Manager Awards in London on 15 May 2024. The global collateralized loan obligation (CLO) community gathered at London's Landmark Hotel to recognize the best-performing CLOs, CLO managers, and CLO funds in the USD 1.32tn* global CLO market.

This year, a record 80 CLO managers and 32 CLO fund managers submitted performance data for the awards. The list of finalists was announced in April and the category winners were announced live during the Creditflux Manager Awards Dinner, attended by 320 guests.

The awards ceremony followed the Creditflux CLO Symposium that connected CLO investors with the most important arrangers, managers, and advisors in global structured finance, helping the former to deploy capital and achieve investment goals. More than 700 delegates attended the sell-out conference in person, along with hundreds more who watched the live stream. 

"Despite a backdrop of market volatility and macro-economic challenges, 2023 was another strong year for the CLO market," said Tom Davidson, Managing Editor of Creditflux. "We are delighted to celebrate the best performers in the industry, presenting awards to the 17 managers who triumphed this year." 

The winners are:






Creditflux global manager of the year 

GoldenTree Asset Management


Best US CLO manager 

Generate Advisors 


Best European CLO manager 

Voya Alternative Asset Management 


Best US boutique CLO manager 

Sycamore Tree 


Best European boutique CLO manager 

Acer Tree Investment Management 


Best MM CLO manager 

Antares Capital 



Best private closed-end CLO fund 

Napier Park Global Capital 

Napier Park ELM I 


Best public closed-end CLO fund 

Eagle Point Income Management 

Eagle Point Income Company (EIC) 


Best CLO fund (<$150m) 

Lupus Alpha Asset Management 

Lupus Alpha CLO Opportunity Notes II 


Best CLO fund (>$150m) 

Crystal Fund 

BK Opportunities Fund V 


Best US CLO 

Elmwood Asset Management 

Elmwood CLO V 


Best European CLO 


Invesco Euro CLO IV 


Best redeemed US CLO 


Madison Park Funding XLI 


Best new middle market CLO 

Cerberus Business Finance 

Cerberus Loan Funding XL 


Best middle market CLO 

Golub Capital 

Golub Capital Partners CLO 47 (M) 


Best new US CLO 

MJX Asset Management 

Venture 47 CLO 


Best new European CLO 

Blackstone Credit 

Glenbrook Park CLO 

A full writeup of the conference and Symposium will be included in our June newsletter.


Blended outperformance

The average ranking of each CLO relative to its peers by up to 10 performance metrics. This rewards managers that achieve high returns without compromising the quality of the portfolio.

The metrics used are: change in junior OC; headroom in junior OC; WARF; average collateral value; weighted average spread; cash-on-cash return to equity; equity volatility; multiples of money; and leverage. Day-one arbitrage is considered for new CLOs.

Volatility-adjusted weighted performance

A measure that combines absolute change in mark-to-market net asset value during 2023 with volatility relevant to each fund’s redemption profile. Funds that promise liquidity need to deliver stable returns; those that lock up investors’ capital need to achieve greater absolute performance.

Closed-end funds

Private closed-end funds were judged on the basis of an annualised IRR that assumed NAV at the start of the year and any drawdowns as inflows, and distributions and final NAV at the end of the year as outflows. Public closed-end funds were judged using the change in value of the fund over the year accounting for share issuance and distributions.

Final IRR equity

IRR based on the notional size of the CLO equity and taking into account all payments received.


*Global CLO principal liabilities (debt + equity) as of 31 March 2024 according to Creditflux data


TAGS: Europe CLO North America Creditflux event Creditflux awards