CLOs

Collateralised Loan Obligations (“CLOs”)

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.

€1.2bn In AUM¹ across
CLO Strategy
€432.1m Indigo III Closed in
April 2025

¹As of 30th June 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 closed its first CLO (Indigo Credit Management I DAC) in November 2023 and second CLO (Indigo Credit Management II DAC) in December 2024. CLOs complement Pemberton’s Direct Lending and Working Capital Solutions strategies, offering investors access to a further credit product 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.

CLOs are a Compelling Investment for the Following Reasons:

  • Diversified portfolios
  • Choice of rated notes
  • Credit enhancement
  • Additional liquidity
  • Strong relative value
  • Low correlation
  • Current yield
  • Contractual returns
  • Floating rate
  • Low duration risk
  • Limited migration
  • Regular reporting
  • Full transparency

CLO Insights and News

Understanding Par Value in CLOs

Understanding Par Value in CLOs

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. […]

Pemberton Announces the Launch of its Inaugural CLO

Pemberton Announces the Launch of its Inaugural CLO

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 announces the successful pricing of its second CLO, Indigo II

Pemberton announces the successful pricing of its second CLO, Indigo II

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.

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