CVC Credit prices seventh new CLO of 2025 at €400m

CVC Credit has priced Cordatus XXXVII (37), a new €400m (£352.6m) collateralised loan obligation (CLO) vehicle.

This is CVC Credit’s seventh new issue CLO of 2025 and 27th when including resets and refinancings.

CVC Credit is the €48bn global credit management business of private markets asset manager CVC.

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JP Morgan served as the lead arranger for the vehicle, which has a four-and-a-half-year reinvestment period.

More than 65 per cent of Cordatus XXXVII’s assets were sourced prior to pricing.

“We are delighted to announce the successful pricing of Cordatus XXXVII, our seventh new issue globally and fourth in Europe this year,” said Guillaume Tarneaud, partner and co-head of global liquid credit at CVC Credit.

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“Despite recent market volatility we were pleased to receive strong support for this vehicle from both new and long term investors, reflecting not only our strong track record, but also, and importantly in the current environment, a highly disciplined approach in underwriting to fundamentals.”

CVC’s liquid credit business manages €31bn in assets across more than 70 active funds.

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