Royal London Asset Management has launched a €500 million European collateralised loan obligation (CLO), which it claims to be the largest European CLO issuance year to date.
In a statement, the firm said that Hambridge CLO II had received broad support across tranches from both existing and new institutional investors, “highlighting investor confidence in the business’ disciplined approach to CLO portfolio construction and management.
“The transaction further expands the firm’s presence in European leveraged finance while enhancing solutions for clients seeking resilient income opportunities.
The CLO will be managed by Sebastien Poulin and Khuram Sharih, supported by the firm’s wider leveraged finance team.
Sharih said: “The European leveraged loan and CLO markets continue to develop with robust activity and the Hambridge CLO franchise is a meaningful participant and significant contributor to the growth of these markets.
“We remain focused on delivering disciplined portfolio management and innovative solutions as part of our broader credit strategy.”
