Milbank, Tweed, Hadley & McCloy LLP was ranked as the #1 CLO Manager counsel globally for the second year in a row by Creditflux. Milbank was also ranked the #8 CLO Arranger counsel globally. The rankings were determined by number of deals and by dollar (or dollar equivalent) amount. This follows Milbank being named earlier this year as the #1 firm providing service to CLO managers in Creditflux’s annual CLO Census.
Led by Structured Finance partners Jay Grushkin and Sean M. Solis in New York, Deborah Festa in Los Angeles, and John Goldfinch and James Warbey in London, together with special counsels Jon Burke (NY) and Nick Robinson (NY), Milbank has one of the world’s leading CLO practices. The global CLO team has been positioned at the forefront of credit arbitrage since the inception of CLOs in the late 1980s and is one of the world’s largest teams of CLO attorneys across the United States and Europe.
Mr. Grushkin said: “2018 was another banner year for Milbank’s CLO team. Creditflux’s rankings are a tremendous recognition of the breadth and depth of our team’s service to market-leading CLO collateral managers and arrangers over the last year.”
In 2018 alone, Milbank’s global CLO team worked on more than $50 billion of CLO issuances (106 CLOs). This is in addition to Milbank’s extensive work representing anchor investors in CLOs and providers of risk retention financing.
