Milbank LLP was ranked as the #1 Global CLO Manager counsel in Creditflux’s Q1 2021 CLO law firm league table rankings. Milbank was also ranked as the #1 CLO Manager counsel in the US and the #2 CLO Manager counsel in the EU. Milbank dominated the global CLO market, advising managers on 77 CLOs valued at $36 billion, which was close to 25% of the total deals closed during the quarter and a remarkable 220% greater than the nearest competitor, as indicated below. 
Milbank has had one of the world’s leading CLO practices since the introduction of CLOs in the late 1980s, representing market-leading arrangers, collateral managers, issuers, risk retention lenders, anchor investors and derivatives counterparties on a multitude of credit arbitrage transactions involving a diverse array of asset classes. In addition to recognition for its work this past quarter, Milbank’s CLO team was ranked in Creditflux’s 2020 year-end Advisory Firm Rankings as the #1 Global CLO Manager counsel for the fourth consecutive year and as the #1 US CLO Manager counsel for the third consecutive year.
Sean M. Solis, lead Structured Credit partner at Milbank, commented: “In one of the most bustling periods in recent history our global team is incredibly proud to have had the privilege to assist our clients in fulfilling their promise and achieving their goals in a market that required incredible focus and constant attention. Investors demanded, and ultimately valued and rewarded, those managers that were able to best intersect passion and capacity and we want to congratulate each one of our global clients for enthusiastically embracing a unique market opportunity and actualizing their incredible potential over the course of such a consequential quarter.”
