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.
Add-on loans to existing borrowers were about 45% of direct-lending deployment in the first nine months, the quarterly update says.
Credit and insurance inflows reached $35.8bn in the third quarter, lifting assets to $480bn.
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