Clarion Capital says secondary CLO equity pricing nears loan portfolio NAV, implying attractive entry points

• Clarion Capital Partners flagged secondary CLO equity as offering better relative value than new-issue equity in September 2026.
• Secondary CLO equity recently priced at a discount or slight premium to underlying loan portfolio NAV, implying higher discount rates.
• Clarion estimated 70%-80% of lifetime CLO equity cashflows typically come from NIM distributions, not final liquidation value.
• Pricing premium or discount to NAV tracked NIM; NIM of 130 bps or more generally priced at a premium.
• Clarion measured 54% R-squared between NIM and price premium/discount; loan spread showed 48% R-squared.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clarion Capital Partners LLC published the original content used to generate this news brief on October 07, 2026, and is solely responsible for the information contained therein.