Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Greywolf Capital expands CLO business, launches Greywolf Loan Management

Monday, October 23, 2017

Komfie Manalo, Opalesque Asia:

Registered investment adviser Greywolf Capital Management LP has expanded its collateralized loan obligation (CLO) business with the launch of Greywolf Loan Management LP (GLM) to sponsor and manage future Greywolf CLO transactions while acting as the risk retention investor for those transactions.

At the same time, Greywolf said that it has completed a first close of its second dedicated CLO equity fund with more than $100m longer-term capital commitments to support GLM's risk retention investments.

"We are pleased to complete this capital raise to enable GLM to sponsor and manage risk retention compliant CLO transactions, and we sincerely thank our investors for their support," said Joe Marconi, partner and portfolio manager of the CLO Credit Strategy at Greywolf. "We believe the ability to source this dedicated capital significantly streamlines the CLO issuance process, ultimately enhancing returns for our investors."

Greywolf has successfully launched $2.7bn in CLOs since 2007 with $2.2bn currently outstanding. Given this additional capital, Greywolf expects to increase its managed CLO platform by roughly $1bn over the next 12 months. In addition to managing Greywolf CLO transactions, the firm also manages a number of customized portfolios that invest in 3rd party CLO debt and/or equity.

"We have actively used CLOs to create customized investment solutions for our i......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1