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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......................

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