GoldenTree Asset Management, a leading global alternative investment firm, has successfully concluded its latest collateralized loan obligation (CLO) at $493 million. The news was reported by PE Hub, a leading source of private equity news and analysis.
A CLO is a type of structured credit product that pools together a portfolio of leveraged loans and then issues securities backed by the cash flows from those loans. CLOs are typically used by institutional investors such as pension funds and insurance companies to gain exposure to the leveraged loan market.
GoldenTree’s latest CLO, called GoldenTree Loan Management XVIII, was oversubscribed and attracted strong demand from investors. The deal was structured with a 4-year reinvestment period and a 5-year non-call period, which means that GoldenTree has the ability to reinvest the proceeds from the loans for the first 4 years and cannot redeem the securities for the first 5 years.
According to PE Hub, GoldenTree’s latest CLO was priced at attractive levels, with the AAA-rated tranche pricing at 105 basis points over LIBOR. This is a testament to GoldenTree’s expertise in the leveraged loan market and its ability to source high-quality loans for its CLOs.
GoldenTree has been a leading player in the CLO market for over two decades and has issued over $30 billion in CLOs since 1999. The firm’s CLOs have consistently outperformed their benchmarks and have delivered strong returns for investors.
In addition to its CLO business, GoldenTree also manages a range of other alternative investment strategies, including distressed debt, real estate, and private equity. The firm has over $45 billion in assets under management and offices in New York, London, Sydney, and Singapore.
Overall, GoldenTree’s latest CLO is a testament to the firm’s expertise in the leveraged loan market and its ability to deliver attractive returns for investors. With strong demand from institutional investors and attractive pricing, GoldenTree’s CLOs are likely to remain a popular investment option for those seeking exposure to the leveraged loan market.
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- Source: Plato Data Intelligence.
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