Blackstone Works On Hybrid CLO Blending Private Credit and Loans
Blackstone Inc. is developing a hybrid collateralized loan obligation that combines broadly syndicated loans with private credit. The product seeks to pair higher direct lending yields with the leveraged loan market's depth.
Blackstone Inc. is developing a CLO that mixes broadly syndicated loans with private credit, according to people familiar with the matter, pairing the higher yields of direct lending with the depth of the leveraged loan market.
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