Alternative Investments
What Is First-Loss Capital? Junior Tranches Explained
First-loss capital is the layer of a structured deal that absorbs every dollar of loss before senior investors take any hit. In a standard collateralized loan obligation (CLO), that layer is the unrat
Jeff Barnes, MBA··13 min read
Market Analysis
CLO Equity Fund Closes in 2026 Signal Institutional Return
By Jeff Barnes, MBA | Market Analysis | September 8, 2026 TL;DR: Three major captive CLO equity fund closes in 2026 -- Crescent Capital Group's $232 million raise, Bain Capital's $1.5 billion close, a
Jeff Barnes, MBA··12 min read