Pemberton announces the launch of its inaugural CLO
Overview
Pemberton Asset Management (“Pemberton”), one of the leading private credit managers, today announces the pricing of Indigo Credit Management I (“Indigo I”), a €357.1m European collateralized loan obligation (“CLO”) transaction.
Pemberton’s CLO strategy is designed to target 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, takes a relative value approach, and constructs diversified credit portfolios using fundamental bottom-up/top-down analysis.
In early 2022, Pemberton appointed Rob Reynolds to lead the build-out of its CLO strategy, which naturally complements its diversified multi-strategy alternative credit platform with three direct lending strategies, NAV Financing, Working Capital Finance and Risk Sharing. Pemberton continues to enhance its offer to its investor base by accessing different sections of the leveraged finance market.
Pemberton has made substantial investments in its infrastructure to support its CLO business. Since the advent of the strategy, the team has grown to a size of four senior professionals backed by key support teams. The team also utilises technology that is at the forefront of the industry.
The successful launch of our inaugural CLO reflects the continued attractiveness of the asset class and we thank J.P. Morgan, as Lead Arranger, and all our investors for their strong support throughout the process. Our first print is also testament to the strength of the Pemberton team, without whom this would not have been possible.
– Rob Reynolds, Head of CLOs at Pemberton
The pricing of our first CLO enhances Pemberton’s reputation as a versatile, forward-looking multi-strategy credit manager. The introduction of our CLO platform is the natural next step in our vision to offer a broad range of investment opportunities in alternative credit for our investors.
– Symon Drake-Brockman, Managing Partner at Pemberton
About the author
Robert Reynolds
Managing Director, Head of CLOs
Symon Drake-Brockman
Managing Partner
