Bain Capital CLO Tranche Defaults in Post-2008 First for Europe (opens original article in a new tab)

Bain Capital CLO Tranche Defaults in Post-2008 First for Europe. Part of a European collateralized loan obligation managed by Bain Capital has failed to repay investors in full, the first such default since an overhaul of the asset-backed securities more than a decade ago.

• Part of a European CLO managed by Bain Capital failed to repay investors in full
• This is the first default since the asset-backed securities overhaul over a decade ago