London-based private credit manager Pemberton Asset Management has announced the pricing of its second collateralised loan obligation (CLO) vehicle in just over a year.
The launch of its €405.8m Indigo II follows Pemberton’s inaugural CLO, which priced in September 2023.
Pemberton’s CLO strategy targets investments in publicly rated, liquid, broadly syndicated leveraged loans that are often used for sponsor-driven or corporate M&A financing.
The strategy is actively managed, taking a relative value approach to ensure flexibility in changing market conditions. Through a combination of fundamental bottom-up analysis and top-down portfolio construction, the vehicle aims to deliver attractive risk-adjusted returns.
Rob Reynolds, Head of CLOs at Pemberton, said: “With the successful pricing of Indigo II, we are building upon strong foundations. We are grateful to those investors who have re-invested with us and welcome our new investors.
“Our CLO franchise continues to be a core part of the Pemberton platform and I congratulate the CLO team for delivering another milestone.”
