Global credit firm GoldenTree Asset Management announced the closing of its second CLO strategy at $725 million as part of its GoldenTree Loan Management (GLM) program.
Previously, GoldenTree raised $600 million in the 2016 in its first vintage of the strategy and over 60% of investors are returning investors from that initial vintage with many increasing the size of their commitment from that first round, officials said due to the attractive return profile.
GoldenTree achieved a top-decile track record in CLO equity with an average net IRR since inception of the GLM program in . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators