Oaktree Capital Management launches CLO
Oaktree Capital Group and its subsidiaries have priced Oaktree CLO 2014-1 Ltd, a USD516.5m collateralized loan obligation (CLO).
Oaktree CLO 2014-1 Ltd will invest in corporate leveraged loans.
Oaktree’s CLO activities are part of its global senior loan strategies, which manage USD6.0bn of loans on a levered and unlevered basis in the US and in Europe as of 30 September 2013.
The US senior loan strategy is headed by managing directors Armen Panossian and Desmund Shirazi, who serve as co-portfolio managers and oversee the day-to-day management of all of Oaktree’s US senior loan portfolios.