Pemberton announces the successful pricing of its second CLO, Indigo II
Overview
Pemberton Asset Management (“Pemberton”), one of the leading private credit managers, today announces the pricing of Indigo Credit Management II DAC (“Indigo II”), a €405.8m European collateralized loan obligation (“CLO”) transaction. Indigo II follows Pemberton’s inaugural CLO, which priced in September 2023, and further demonstrates Pemberton’s commitment to developing its CLO platform.
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.
Pemberton’s CLO strategy complements its diversified multi-strategy private credit platform, which supports its clients’ investment objectives.
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.
– Rob Reynolds, Head of CLOs at Pemberton
