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US Market Commentary: CLO Q&A with Capra Ibex's CIO on mezz/equity valuations while navigating price drops and cooling down of new issues, repricings.
In an exclusive LFI  interview, Michael Kurinets, chief investment officer and portfolio manager at Capra Ibex Credit Opportunities,...

Capra Ibex
Mar 284 min read
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US Market Commentary: LMEs could allow struggling names to turn around but only with return to high growth, according to Capra Ibex
LevFin Insight Article: Last year’s wave of LMEs may have bought time for struggling loan issuers to turn things around, but only if...

Capra Ibex
Jan 102 min read
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Outlook for Leveraged Loan Issuers in 2025 and Beyond
We outline the extent of the problems for leveraged loan issuers, and whether the wave of LMEs and expected rate cuts will be enough.

Capra Ibex
Dec 16, 202411 min read
381 views
US Market Commentary: CLO equity behemoth Capra Ibex Advisors' CIO/PM Michael Kurinets discusses key takeaways from 2023, opportunities in Q1
By David Graubard, LevFin Insights Also available at https://v2.creditsights.com/articles/10411956 In an exclusive interview with LevFin...

Capra Ibex
Jan 2, 20243 min read
57 views
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CLO Insider: July Brings Calmer Markets
By Mike Kurinets, Chief Investment Officer Key Takeaways: Loan prices continued to rise in July. The price of leveraged loans increased...

Capra Ibex
Aug 30, 20235 min read
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A Deep Dive on Par-Building and What It Means for CLO Equity in 2023-24
By Daniel Miller, Chief Credit Officer Summary During periods of elevated default rates, decreases in leveraged loan prices play an...

Capra Ibex
Aug 8, 202310 min read
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CLO Insider: Risk-On Mentality Returns in June
By Mike Kurinets, Chief Investment Officer Key Takeaways: The US avoided default. On June 1, both chambers of the US Congress passed the...

Capra Ibex
Jul 31, 20233 min read
146 views
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CLO Insider: What Caused May's Market Sell Off?
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank concerns returned in May. After the regional bank crisis appeared...

Capra Ibex
Jun 27, 20235 min read
183 views
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CLO Insider: Why The Markets Calmed Down In April
By Mike Kurinets, Chief Investment Officer Key Takeaways: For most of April, the markets’ concerns over the regional banking crisis...

Capra Ibex
May 19, 20237 min read
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CLO Insider Newsletter: How the Market Reacted to March's Banking Crisis
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank crisis drove market volatility in March. The unexpected news that...

Capra Ibex
Apr 20, 20237 min read
213 views
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CLO Insider Newsletter: After Calm February, March's Banking Crisis Shakes CLO Market
By Mike Kurinets, Chief Investment Officer Banking Crisis Rattles CLO Market Before diving into our commentary about the CLO and...

Capra Ibex
Mar 24, 20235 min read
110 views
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CLO Insider January 2023: What Didn't Change When the Market Rallied
By Mike Kurinets, Chief Investment Officer Key takeaways from January: The leveraged loan market rose sharply in January: For most of...

Capra Ibex
Feb 22, 20238 min read
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CLO Insider Newsletter: 2022 Year in Review
By Mike Kurinets, Chief Investment Officer Key takeaways from December: The leveraged loan market sold off slightly in December: Though...

Capra Ibex
Jan 31, 20237 min read
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2023-2024 Leveraged Loan Default Forecast
By Daniel Miller, Chief Credit Officer. Our Forecast Forecast leveraged loan default rate of 3.8% in 2023 and 3.3% in 2024 (rates...

Capra Ibex
Jan 1, 20237 min read
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CLO Insider November 2022: CPI Report Sparks Market Rally
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the leveraged loan and CLO markets responded to...

Capra Ibex
Dec 20, 20226 min read
40 views
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CLO Insider October 2022: Market Sees Signs of Relief
By Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the signs of relief that the CLO and leveraged loan...

Capra Ibex
Nov 30, 20228 min read
16 views
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CLO Insider September 2022: Macro Concerns Spark Market Sell-Off
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the sell-off in the CLO and leveraged loan markets...

Capra Ibex
Oct 25, 20226 min read
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CLO Insider August 2022: The Market Rally's Reversal
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the CLO and leveraged loan markets reacted to...

Capra Ibex
Sep 28, 20224 min read
13 views
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CLO Insider July 2022: Recession Concerns Fade
by Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores why the leveraged loan markets turned bullish in July after...

Capra Ibex
Aug 29, 20225 min read
25 views


CLO Insider June 2022: Why the Market Rally Stalled
By Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores the impacts of June’s CPI report and the Fed’s 75 bp rate...

Capra Ibex
Jul 19, 20226 min read
30 views
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