Arcano Partners, a leading independent firm in Private Markets and Fixed Income, has successfully closed the issuance of its platform’s second Collateralized Loan Obligation (CLO). The transaction, completed just three months after the first issuance, reaches a total volume of €405 million and consolidates Arcano’s strategy to establish the platform as a recurring issuer in the European CLO market. The platform aims to issue at least two CLOs per year and already has the capital required to structure at least five transactions of similar size.
Consolidation of Arcano Partners’ Asset Management Division CLO Platform
Arcano Partners’ Asset Management Division has over 15 years of track record investing in European credit and 8 years investing in CLOs, making it one of the benchmark firms in Europe. With this transaction, the credit platform reaches €4.3 billion in assets under management and aims to continue growing through the following strategies: European corporate syndicated loans, high yield bonds, structured credit, and direct lending.
Emilio Hunolt, Partner and Head of Private Credit at Arcano Partners’ Asset Management Division, commented: “We are very pleased with the successful placement of the platform’s second CLO, which comes just three months after our inaugural transaction. The strong demand we received, during a period of high volatility, clearly reflects the solid risk management of our portfolio managers, Berchmans Rivera and Beatriz Forero, as well as the excellent work of Arcano’s credit analyst team.”
Key transaction details
• Issuer: Arcano EURO CLO II DAC
• Total volume: €405 million
• Arranger: Jefferies
• Co-Portfolio Managers: Arcano Loan Advisors S.L. / Arcano Capital SGIIC, S.A.
• Non-call period: 1 year
• Reinvestment period: 2 years
About Arcano Partners
Founded in 2003, Arcano Partners is an independent global firm with more than 20 years of experience in financial advisory and asset management at an international level. Today, Arcano Partners has four main business areas:
Arcano Partners has a team of more than 260 professionals of over 20 nationalities, with 7 offices across Europe and the United States, and has become one of Europe’s leading independent firms in private markets.