Bridgepoint is pleased to announce the pricing of Bridgepoint CLO IX (“CLO IX”), a new €455 million Collateralised Loan Obligation (“CLO”). This transaction is Bridgepoint’s fourth CLO transaction of the year and its second new issue.
John Murphy, Partner and Head of Syndicated Debt, said:
“We’re delighted to have priced our fourth CLO transaction of the year. In the current European CLO market – characterised by sustained issuance and refinancing activity – CLO IX attracted strong and widespread investor interest which enabled us to upsize the transaction and achieve tight execution levels. This outcome underscores investor confidence in Bridgepoint’s differentiated approach to CLO management.”
With more than €14 billion of assets under management in corporate credit across the risk/reward spectrum, Bridgepoint Credit is one of Europe’s most experienced credit managers. It focuses on three complementary investment strategies: Direct Lending, Credit Opportunities and Syndicated Debt.