The CLO Investor Podcast #26, Sean Griffin, CEO, LSTA
Nov 3, 2025
Sean Griffin, Executive Director of the LSTA, shares his extensive background in CLO structuring and the syndication market. He highlights significant regulatory victories, such as the risk retention repeal, and clarifies the implications of the Kirshner case on loan classification. Sean discusses the smooth LIBOR-to-SOFR transition and the LSTA's focus on enhancing education and operations in private credit. He also touches on member engagement strategies and the future landscape of CLO issuance.
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Kirshner Case Preserved Loan Identity
- The Kirshner litigation threatened whether loans are securities and posed existential risk to the loan market.
- Its resolution preserved the loan market's functioning and avoided major knock-on effects for banks and CLOs.
Smooth LIBOR To SOFR Transition
- The LIBOR-to-SOFR transition could have been market-disruptive but was managed through coordinated industry work.
- The transition ended up being a non-event operationally due to extensive LSTA-led preparation.
Educate On Private Credit
- Prioritize education about private credit as the asset class grows and data becomes fragmented.
- Use LSTA's member network to aggregate information and shape public understanding before others do.