Permira Credit prices 12th European CLO at €403.5m
Permira Credit has priced its 12th European collateralised loan obligation (CLO), PROVIDUS CLO XII, at €403.5m (approximately £340m), it announced today.
It marks the 12th CLO from the firm’s European CLO management platform, Providus, and follows the pricing of its second US CLO, Menlo CLO II, at $404m last month.
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The total AUM for Permira’s global CLO management platform will hit €5.4bn when this latest transaction closes.
“We are pleased to announce the pricing of Providus CLO XII, our twelfth European CLO and the fourth new issue from the global CLO platform in just six months,” said Ariadna Stefanescu, co-head of Permira Credit and head of liquid credit.
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“We remain focused on delivering strong, risk-adjusted returns for our investors and are excited about the opportunities ahead.”
Permira has managed its European CLO platform Providus since 2018.
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