ORIX Closes $350 Million CLO, Includes Assisted Living Loans

In another sign of the rising popularity in collateralized loan obligations (CLO), Dallas-based financial services firm ORIX USA announced it closed on a $350 million CLO fund, with a sizable portion of the loans collateralized by senior housing. CLOs are pools of below investment-grade loans sold in pieces to investors. When loans are paid off, […]