Entegra LLC: Integrated Trading Solutions for Modern Global Finance

Entegra Insights

Deep dive into industry insights, thought leadership, and expert perspectives from the Entegra team.

Featured Media

Freshly Squeezed Podcast featuring Daniel Ezra

Visibility Value: The Impact of Secondary Market Visibility on New Issue CLO Pricing

Click to explore how visibility has become the new currency of liquidity for CLO managers.

See the Study Free Visibility Report here

Thought Leadership

Explore essays and perspectives from Entegra

Part 1 - Disappearing Dealers: How The Pullback in SP Trading Balance Sheet Has Rewired Market Structure

Over the past 10 years, CLO issuance has multiplied, while dealer holdings fell. In the first of a threepart guest essay, Daniel Ezra looks at the causes of this change — and how it affects the market

As seen in Creditflux newsletter · Aug 2025

Part 2 - Vanishing Volumes: How Dealer Pullback in SP Erodes Trading Activity and Concentrates Liquidity

Declining trading volumes have deepened the divide between the largest managers and the rest

As seen in Creditflux newsletter · Sep 2025

Part 3 - Liquidity Ladder: Scale may bring attention, but visibility is emerging as the currency of market liquidity

In his third and final article, Daniel Ezra looks at how a CLO manager's visibility can impact deal pricing

As seen in Creditflux newsletter · Nov 2025