Morgan Stanley Investment Management (MSIM) has announced the completion of the Morgan Stanley Eaton Vance CLO 2025-21, Ltd. This transaction, amounting to $400 million, is the firm's first Collateralized Loan Obligation (CLO) for the year 2025. The transaction, which was priced on March 7, enhances CLO platform assets to around $7.5 billion across twenty vehicles. Wells Fargo Securities acted as the sole arranger for this transaction.
Steve Sebo, Head of CLO Structuring & Capital Markets, expressed optimism about the development stating, "We’re excited to be back in the new issue market and are encouraged by the interest from both new and existing investors." He further described the deal as "a great step forward as we continue to build our CLO business."
Ed Greenaway, Head of CLO Portfolio Management, shared insights on the approach of the team, noting, “Navigating the difficult dance of risk and return across the capital structure and within the asset pool has always been the core of our approach. The recent volatility within the market presents challenges but also opportunity for equity and debt investors alike.”
The Floating-Rate Loan team at MSIM, which began in 1989, is recognized for its role in broadly syndicated loan investment management. The team comprises over 40 members, managing a wide range of U.S. and European loan strategies, CLO debt tranches, and a growing CLO platform, with total assets under management reported at $30.0 billion at the start of the year.
Morgan Stanley Investment Management operates globally with a team of more than 1,400 investment professionals and manages $1.6 trillion worth of assets as of March 31, 2025. The firm aims to provide strong investment performance and a comprehensive range of management solutions to a diverse client base.
Morgan Stanley, the parent company, is noted for offering a wide range of financial services and operates in 42 countries, serving various clients, including corporations, governments, institutions, and individuals.