Pemberton Prices and Upsizes €432.1m Indigo III CLO, Marking Continued Growth of its Platform
Overview
Pemberton Asset Management (“Pemberton”), one of the leading European private credit managers, announces the successful pricing of Indigo Credit Management III DAC (“Indigo III”), a €432.1m European collateralised loan obligation (“CLO”) transaction. Strong investor demand led to an upsizing of the transaction from its initial target of €405.7 million.
This transaction underscores Pemberton’s continued commitment to expanding its CLO platform and delivering value to investors. Indigo III is the latest in a series of actively managed CLOs that form part of Pemberton’s broader private credit strategy.
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, Pemberton creates diversified credit portfolios that aim to deliver attractive risk-adjusted returns.
This strategy complements Pemberton’s multi-strategy private credit platform, aligning with the firm’s objective of offering clients a broad spectrum of credit investment opportunities.
The successful pricing of Indigo III represents another important milestone for our CLO platform. We’re grateful to our returning investors for their continued trust and are pleased to welcome new investors to the strategy. Despite ongoing market volatility, this transaction reflects the strength and resilience of our CLO franchise. I’m proud of the team’s achievement and excited for the continued growth ahead.
– Rob Reynolds, Head of CLOs at Pemberton
