GoldenTree raises $640m in latest CLO

GoldenTree Loan Management II, an affiliate of $45 billion firm GoldenTree Asset Management, closed a $640 million fundraise for GLM US CLO 10.

GLM US CLO 10 will initially be backed by a 100% ramped $640 million portfolio of senior secured loans as of closing and will have a five-year reinvestment period and a two-year non call period.

GoldenTree CIO Steven Tananbaum (provided)

The CLO was arranged by a bank syndicate including Morgan Stanley as structuring lead, and BofA Securities and Wells Fargo Securities as co-leads. The syndicate globally distributed . . .

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