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Collateralised Debt Obligations - an explanation24/09/2003. Source: Duke Street Capital Debt Management. Anna C Jones 
 Collateralised debt obligations, or CDOs, have recently become a more common feature of the private equity market. Yet many investors are still unsure of what they actually entail. Anna Jones of Duke Street Capital Debt Management answers many of the frequently asked questions.
The article discusses the simpler aspects, such as a description of what a CDO is, to the more complex, including possible structures as well as the meanings of warehousing, closing and ramp up.
Copyright © 2003 Duke Street Capital Debt Management
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Established in 2000, Duke Street Capital Debt Management (DSCDM) is the debt fund management division of Duke Street Capital (DSC), a leading pan-European private market fund management group. Its core product focus is on leveraged buy-out (LBO) related senior secured loans, mezzanine loans and high yield bonds. The firm manages two collateralised debt obligation funds, Duchess I and Duchess II, and has E1.55bn under management. For more information please visit www.dukestreetcapital.com |
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