• Home
  • About Us
  • Contact
  • Your Account
  • Subscribe
Monday, August 15, 2022
  • Login
Alternatives Watch
  • Subscribe
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
No Result
View All Result
  • Subscribe
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
No Result
View All Result
Alternatives Watch
No Result
View All Result

GoldenTree affiliate raises nearly $500m in latest CLO

Susan BarretobySusan Barreto
July 28, 2022
in Manager News, Open Access, Private Credit
GoldenTree affiliate raises nearly $500m in latest CLO

By mblach/Envato Elements

ShareTweetShareSendSend

GoldenTree Loan Management II, an affiliate of $47 billion GoldenTree Asset Management, closed its latest CLO at $487 million this week.

GoldenTree Loan Management US CLO 14 will initially be backed by a 97% ramped $478 million portfolio of senior secured loans as of closing and will have a five-year reinvestment period and a two-year non-call period, according to an announcement from the company.

A bank syndicate, including BofA Securities as structuring lead, and Morgan Stanley and Wells Fargo Securities as co-leads, arranged the CLO. The syndicate globally distributed the investment grade and BB rated notes issued by the CLO, while GLM II invested in the CLO’s equity as well as B-rated notes.

GLM US CLO 14 issued $315 million of AAA-rated senior notes with a coupon of S+1.70%, along with lower rated senior, mezzanine and junior notes. This translates into an overall weighted average coupon S+2.39%

To-date, GoldenTree has issued 19 CLOs totaling over $11 billion. Since its inception in 2000, GoldenTree has issued over $21 billion of CLOs/CBOs, with over $13.5 billion currently outstanding.

GoldenTree’s investment team is comprised of more than 70 individuals covering around 20 industries and having, on average, 14 years of experience. In addition, GoldenTree has been an active investor in structured credit since 2007 and currently manages over $5 billion of structured products investments across the firm.

Tags: CLOGoldenTreeLatest
ShareTweetShareSendSend
Previous Post

Hightower taps Picard to lead alternative investments

Next Post

Invesco raises $644m in distressed credit fund

Related Posts

Illinois pension adds more than $1.5 billion to alts
Investor News

Illinois pension adds more than $1.5 billion to alts

Abrdn takes a tech-informed approach to risk management  
Hedge Funds

Abrdn takes a tech-informed approach to risk management

Conversus StepStone opens venture/growth fund
Private Equity

Conversus StepStone opens venture/growth fund

Pomona closes secondary fund at $2.6bn
Manager News

Pomona closes secondary fund at $2.6bn

Carlyle announces another departure
Private Equity

Carlyle announces another departure

Next Post
Invesco raises $644m in distressed credit fund

Invesco raises $644m in distressed credit fund

Log In

Lost your password?

Recent Stories

AW Deal Watch: Blockbuster deals continue in private equity land

AW Deal Watch: Blockbuster deals continue in private equity land

KCERA ups private real estate

KCERA ups private real estate

Illinois pension adds more than $1.5 billion to alts

Illinois pension adds more than $1.5 billion to alts

Pennsylvania Public School Employees Retirement System

PSERS adds to alts 

Search the AW Archives

No Result
View All Result

Download

Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Subscribe
  • Hedge Funds
  • Private Equity
  • Private Credit
  • RE/Infrastructure
  • Investor News
  • Research

Follow Us

No Result
View All Result
  • Subscribe
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
Log In

© 2019-2022, All Rights Reserved  |  BMV Digital

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

Cookie Consent
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
Save & Accept
Powered by CookieYes Logo