Alternatives Watch reported the close in its Oct. 27 roundup, and terms beyond size and collateral were not disclosed.
Sycamore Tree closed a $504 million collateralized loan obligation, according to Alternatives Watch's Oct. 27 roundup.
The fund's collateral is U.S. syndicated loans, putting it in the securitized credit category rather than direct lending.
For fund selectors, the vehicle is distinct from the roundup's tokenized private credit fund, which lends to U.K. law firms.
Reported by the Fund launches & raises desk from Alternatives Watch. Published . Corrections
The Janus Henderson affiliate built the feeder with Tradable on Stellar; it expects quarterly liquidity and monthly stablecoin payouts.
The $41bn CLO platform inside the transaction gives Victory the machinery to fund its private credit book in-house.
A fast-track Apollo ruling and Moody's concentration-limit analysis turn fund-level leverage into a regulated asset class.
Private markets grew 33% year over year even as total assets slipped 1% to $900.4 billion on $8.4 billion of retail outflows.
The London manager's US print follows a €400m European CLO closed at the end of September.
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