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 . . .
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