Pemberton’s CLO strategy invests in publicly rated, broadly syndicated leveraged loans, which are typically used to fund sponsor driven or corporate M&A activity. Such loans are originated by major arranging banks and held by various market participants. As a result, they are also liquid with an active secondary market. CLOs have proven to be resilient investment vehicles through multiple cycles delivering attractive risk adjusted returns to note holders.
¹As of October 2025. Assets under management are defined as committed capital since inception. Excludes warehoused exposure associated with future CLO issuance.
Pemberton’s CLO investment philosophy is predicated on the construction of highly diversified credit portfolios utilising a 3D approach focusing on fundamental analysis techniques and adopting a relative value approach for portfolio optimisation purposes.
Pemberton launched its Indigo CLO Platform in 2023 and has since successfully issued 4 CLOs in the series bringing AUM to €1.6 billion.
CLOs complement Pemberton’s other investment strategies by offering investors access to a credit product designed to suit their investment and allocation needs.
Consistent with Pemberton’s ethical principles, Pemberton’s CLOs incorporate the latest thinking in sustainable investment policies and are built into investment decision making.
Who’s who in CLOs? Issuing a CLO involves multi-disciplinary teams of specialists all working together. The number of parties involved in the creation of a CLO can be bewildering. In our latest CLO Insights Series, we break down the roles and responsibilities of each participant in a typical CLO structure. From the Collateral Manager and […]
How do CLO managers balance risk and return while maintaining portfolio quality standards? In the latest article in our CLO Insights Series, produced in association with Weil, Gotshal & Manges (London) LLP, we provide an analysis of Collateral Quality Tests and the matrices that guide CLO portfolio management. The piece breaks down five essential quality […]
Pemberton Asset Management (“Pemberton”), one of Europe’s leading private credit managers, today announces the successful re-pricing of Indigo Credit Management I DAC (“Indigo I”), a €357.1m European collateralised loan obligation (“CLO”) which was first priced in 2023. The repricing brings Indigo I, Pemberton’s inaugural CLO transaction, in line with current market pricing levels and supports […]
What is a CLO waterfall and what does it do? The “waterfall” is one of the more colourful phrases used by the CLO community. Formally called “Priorities of Payments”, this mechanism controls how interest and principal proceeds flow from CLO assets to investors. Our latest CLO Insights breaks down exactly how these waterfalls operate, and […]
CLO structures incorporate mechanisms designed to protect investors across varying credit environments. Historical performance data from Standard & Poor’s confirms negligible defaults across multiple stress periods, from the 2008-09 crisis through the recent inflation cycle.
The Standard of Care is central to CLO management. In the second edition of our CLO Insights Series, we examine its practical impact on managers’ responsibilities. The principle is straightforward but important: CLO Managers must manage capital with the same level of skill and attention they apply to comparable assets across their business. Reasonable care […]
Pemberton Asset Management (“Pemberton”), one of the leading European private credit managers, announces the successful pricing of Indigo Credit Management IV DAC (“Indigo IV”), a €407.0m European collateralised loan obligation (“CLO”) transaction. Building on the strong foundation of its established CLO strategy, this transaction underscores Pemberton’s continued growth and commitment to expanding the CLO platform […]
Par value is the cornerstone of CLO structures, shaping investor protections and serving as a key measure of a manager’s skill. The first edition of our CLO Insights Series explores the central role of par value with a focus on: For institutional investors, understanding par value dynamics is essential for CLO evaluation and manager selection. […]
Managing Director, Head of CLOs
Executive Director, Deputy Head of CLOs
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