CVC Credit closed its Collateralized Loan Obligation (CLO) fund with $1 billion in commitments.
The capital raised from CLO Equity IV is designed to back roughly $15 billion of global CLO issuance tied to CVC Credit’s Liquid Credit platform, the company stated.
The firm said the strategy will take equity stakes in CLOs it manages across both the U.S. and European markets. This is the firm’s fourth fund dedicated to CLO equity vehicles. It’s 25% larger than its last fund, CVC CLO Equity III.
“This successful fundraising, ahead of target and above the previous fund, is indicative of our continued fundraising momentum across the group. CVC Credit has experienced strong growth, underpinned by our CLO business, which over the past twenty years has developed into one of the world’s …
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