Stockholm (HedgeNordic) – Capital Four’s US arm has completed its debut US collateralized loan obligation (CLO) in December, less than a year after the Copenhagen-based sub-investment credit manager appointed Jim Wiant to establish and lead the firm’s US efforts. The inaugural US CLO is part of Capital Four’s $4.2 billion bank loan and CLO platform.
“We are excited to have launched our initial US CLO and we are very pleased with the investor base we have developed with our arranger JP Morgan,” comments Jim Wiant (pictured), CEO and Portfolio Manager of Capital Four US. “This CLO is an important part of the Capital Four strategic plan continuing the global firm’s CLO issuance program.”
“We are excited to have launched our initial US CLO…This CLO is an important part of the Capital Four strategic plan continuing the global firm’s CLO issuance program.”
Capital Four US CLO I Ltd., a $400 million structure, will primarily invest in a diversified portfolio of US senior-secured loans. The CLO has a five-year reinvestment period and a two-year non-call period. The inaugural CLO will also follow Capital Four’s approach to integrating environmental, social and governance (ESG) factors into its investment process, with bottom-up fundamental analysis of material ESG factors assessed for every investment in the portfolio.
“This US CLO represents an important step in the development of our US investment capabilities led by Jim Wiant.”
“I am very pleased with the issuance of the first US CLO, which takes advantage of the New York and Copenhagen investment teams,” comments Sandro Näf, Capital Four’s CEO and Co-Founder. “This US CLO represents an important step in the development of our US investment capabilities led by Jim Wiant.” Capital Four’s US investment team currently oversees about $1.3 billion in assets, representing a portion of the Copenhagen-based manager’s global mandates and the US CLO. The US team will be managing additional CLOs along with additional credit mandates.
