SLC Management, the asset management business of Sun Life Financial, announced the successful closing of its Term Asset-Backed Securities Loan Facility (TALF) 2020 strategy for institutional investors.
The $168 billion firm raised $500 million in the oversubscribed offering that follows on the firm’s 2009 TALF strategy that resulted in an annual IRR of 21.5%, officials said.
The TALF program allows investors to purchase high-quality AAA-rated asset backed securities (ABS) using federal government loans between June and September 2020. The TALF program will see the Federal Reserve extend up to $100 . . .