Pemberton prices fourth CLO at €407m

Pemberton Asset Management has priced its fourth European collateralised loan obligation (CLO) at €407m (£353.4m).

Indigo Credit Management IV DAC (Indigo IV) is the alternative asset manager’s second CLO of this year and follows the Indigo III transaction which priced at €432.1m (£375.1m) in May.

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“The successful pricing of Indigo IV is testament to the continuing appeal of CLOs in the market and reflects Pemberton’s distinctive approach,” said Rob Reynolds, Pemberton’s head of CLO.

The firm said both returning and new investors participated in the latest transaction.

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Pemberton’s overall CLO strategy is actively managed and targets investments in publicly rated, liquid, broadly syndicated leveraged loans that are often used for sponsor-driven or corporate M&A financing.

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