PT - JOURNAL ARTICLE AU - Jay Grushkin AU - Dan Bartfeld TI - Securitizing Project Finance Loans: <em>Are PF CLOs</em> <br/> <em>Poised for a Comeback?</em> AID - 10.3905/jsf.2013.19.3.076 DP - 2013 Oct 31 TA - The Journal of Structured Finance PG - 76--81 VI - 19 IP - 3 4099 - https://pm-research.com/content/19/3/76.short 4100 - https://pm-research.com/content/19/3/76.full AB - Having been pronounced dead by many in 2008, collateralized loan obligations (CLOs) have arisen like a phoenix in the aftermath of the global credit crisis. Meanwhile, there is a serious call for project finance loans to fund exponential growth in infrastructure development needs. Project loans are perhaps the largest class of commercial loans that have not taken an active role in the CLO market, and the CLO provides a mechanism for monetizing this relatively illiquid class of loans. This article discusses the numerous attributes of project finance loans that make them a particularly attractive asset class for CLOs and also those factors that pose challenges to their securitization.TOPICS: Project finance, portfolio construction