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BlueMountain Capital Management closes debut European CLO at €410 Million

Saturday, April 30, 2016
Opalesque Industry Update - BlueMountain Capital Management, a private investment firm with $21.5 billion in assets under management, today announced the closing of its first European Collateralized Loan Obligation (CLO) vehicle with €410 million in commitments. The CLO was arranged through JP Morgan and will invest predominantly in corporate leveraged loans. BlueMountain closed four new-issue CLOs in the U.S. in 2015, and has issued approximately $8.5 billion in CLO capital across a total of 20 vehicles.

The announcement comes as BlueMountain continues to build its footprint in the EMEA region, following the appointment of Nick Pappas as CEO of Europe in June of 2015. Nick previously served as the head of EMEA Leveraged Finance Trading at Goldman Sachs. “We have made a strong commitment to building our European team with an eye toward capturing the opportunities in this market,” said Mr. Pappas.

Among the additions to BlueMountain’s European team, research analyst Tripp Lane was hired in March of 2015 after nine years with Apax Partners. Strategic hires also have been made in recent months to bolster the European leveraged finance business, including analysts Hugo Villarroya, formerly with ENA Investment Capital and Anchorage Capital; Vitaliy Ardislamov, who joined the firm from Strategic Value Partners, and Kristin Hall, previously with Warburg Pincus.

BlueMountain also recently named Steve McMillan as a Client Advisor in its London office, where he is responsible for supporting client and business development services. Prior to joining BlueMountain, Mr. McMillan was the Head of Pension Investment Strategy at Lloyds Banking Group.

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