Navigating CLOs: Market Dynamics and Investment Potential, 30.09.2025
CFA Society Finland is delighted to invite you to an educational breakfast session offering a closer look at the rapidly evolving $1.4 trillion Collateralized Loan Obligation (CLO) market. This event will bring together two industry leaders to share insights on the resiliency, dynamics, and opportunities within the asset class.
Cathy Bevan, Portfolio Manager & Head of Structured Credit at BSP-Alcentra, will share insights on the 25+ year track record of CLOs, address common misconceptions, and highlight how their floating-rate nature, high carry, and par subordination provide unique advantages in today’s environment.
Boaz Magid, CEO of PennantPark Europe, will discuss the U.S. CLO market with a focus on the rapidly growing CLO Middle Market Loan segment, comparing it with traditional CLOs and examining the opportunities and challenges for investors.
SPEAKERS
Cathy Bevan
Cathy Bevan is Head of Structured Credit and a Portfolio Manager for Alcentra’s structured credit funds overseeing investments in structured products, with a particular focus on CLOs. She has expertise investing across EU and US senior, mezzanine, equity CLO tranches as well as CLO warehouses. Cathy joined Alcentra’s structured credit team in July 2012, becoming a Portfolio Manager in 2014. Cathy has over 20 years of experience in the CLO market. Before joining Alcentra she worked at Citigroup.
Boaz Magid
Boaz Magid, CEO PennantPark Europe, joined the firm in July 2023. Boaz brings 25 years’ experience and knowledge from the asset owners side, starting his career as an Investment Strategist at a Dutch Private Bank in 1998. From 2009 he has been responsible for general account investments for several Financial Institutions. Most recently before joining PennantPark, he was Chief Financial Officer and Chief Investment Officer of Aegon The Netherlands since 2018
BSP-Alcentra: The BSP-Alcentra platform is one of the largest alternative credit managers globally, with a multi-strategy approach targeting attractive opportunities in the global credit markets. The combined platform manages $78 billion in assets under management (AUM) and has expertise in Senior Secured Loans, Private Credit, Structured Credit, CLOs, Special Situations, High Yield Bonds, Multi-Strategy Credit, and Commercial Real Estate. BSP-Alcentra is a wholly owned subsidiary of Franklin Resources, Inc. (Franklin Templeton) which is one of the world’s largest independent investment managers with $1.6 trillion in total assets under management.
PennantPark, founded in January 2007, is a leading independent U.S. middle market credit platform with $10 billion in assets under management. Since 2023, PennantPark has expanded its presence to Europe with offices in Amsterdam and Zurich to better serve European investors. The firm offers a range of tailored solutions in US Private Credit and CLOs.