Blackstone Set to be King of CLOs After AIG Deal
Posted on 02/03/2023
Blackstone Inc. has agreed to acquire American International Group Inc.’s US$ 3.6 billion collateralized-loan obligation (CLO) assets. American International Group (AIG) is a manager of CLOs. The AIG transaction would make Blackstone the largest manager of CLOs. With the addition of AIG’s CLOs, Blackstone will have roughly US$ 51 billion of such assets under management…
