Canyon Partners has closed its third collateralised loan obligation (CLO) of 2026 at $500m (£370.2m).

The closing of Canyon CLO 2026-2 marks the alternative asset manager’s 30th active CLO.

Overall, the close brings the platform’s total assets under management to $13bn. Year to date, the platform has refinanced or reset seven deals, amounting to approximately $2.2bn of debt capital, the firm said.

Read more: Canyon closes European CLO at €400m

The $30bn manager said the equity for Canyon CLO 2026-2 was fully funded by Canyon CLO Equity Fund IV, Canyon’s fourth CLO equity fund, which closed earlier this year with more than $400m in commitments.

“The attractive pricing of this transaction in today’s market is a strong signal of the recognition our platform has earned and the confidence investors have in leading CLO managers like Canyon,” said Erik Miller, partner and co-head of Canyon’s CLO business.

Read more: Canyon Partners recruits Oak Hill’s Thomas Hansen as CFO

The CLO was arranged by SMBC Nikko. The vehicle has a 2.2-year non-call period and a 5.2-year reinvestment period and was structured to comply with European risk retention regulations.

Read more: Canyon closes $500m CLO in first issue of the year