The deal drew ten new investors alongside existing backers and priced €96.25m above the €307.5m August reset of Victory Street CLO I.
CIC Private Debt has priced a €403.75m European collateralized loan obligation, Victory Street CLO III, through BNP Paribas, according to our deal log.
Our deal log shows the deal drew ten new investors alongside existing backers.
Victory Street CLO III priced €96.25m above the €307.5m August reset of Victory Street CLO I, according to our deal log.
Reported by The Wrap desk from Private Credit Daily deal log. Published . Corrections
The vehicle drew ten new investors alongside existing backers and priced above the €307.5m August reset of Victory Street CLO I.
Tier-one pricing helped keep nearly 90% of the existing investor base in. The third CLO is next.
A fast-track Apollo ruling and Moody's concentration-limit analysis turn fund-level leverage into a regulated asset class.
Eleven of the deals raised new money and 65 names sit in the pipeline, according to 9fin.
Apollo and other new minority shareholders expect to commit an aggregate $5 billion to the manager's strategies at an initial close.
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