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ARTICLE · 07 NOVEMBER 2013

What You Need To Know When Setting Up A New CLO Manager

Blank Rome LLP
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Due to the continuing changes in the regulatory landscape, establishing a new investment management firm with a focus on collateralized loan obligations ("CLOs") requires careful planning and efficient execution.

United StatesFinance and Banking
Grant Buerstetta
Grant Buerstetta
Jaiho Cho
Jaiho Cho

Due to the continuing changes in the regulatory landscape, establishing a new investment management firm with a focus on collateralized loan obligations ("CLOs") requires careful planning and efficient execution. In addition to regulatory issues, the founding members are likely to have tax and other considerations that should be carefully analyzed to allow the overall structure to be customized to meet the parties' needs.

This article summarizes some of the more common legal issues that a new CLO manager should consider in launching a firm.

Summary

  • When organizing a new firm, the founding members and the sponsor should consider corporate governance issues, such as control, transfer of ownership interest, dispute resolution, and wind-up mechanisms.

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