Olivier Gozlan was invited to speak at the Creditflux CLO Symposium 2026 — Europe’s premier structured credit conference — alongside senior figures from Kartesia, CVC Credit, Jefferies and Prytania Asset Management.
The panel examined a central question facing CLO investors today: in a market shaped by tight spreads, record issuance and the rapid growth of CLO ETFs, where do experienced allocators find genuine value?
Key themes discussed include:
— How secondary CLO markets are providing better value than primary, particularly in discounted mezzanine tranches
— The impact of CLO ETFs on trading volumes, investor behaviour and liquidity across the capital stack
— Why manager track records and credit selection discipline are becoming more critical as underlying loan quality diverges
— How investors are using secondary markets for portfolio rebalancing, liquidity management and relative value opportunities
With more than 20 years of experience investing across the CLO capital structure, Crystal Fund brings a distinctive perspective as a specialist allocator focused on identifying the most attractive risk-adjusted opportunities in European and US CLO tranches.
Watch the full panel discussion
