Livermore Investments Group (Livermore), a collateralised loan obligations (CLO) equity anchor investor in over $15 billion of new issue CLO transactions, has partnered with Blackstone Credit to lead the pricing of the upsized $650 million Unity-Peace Park CLO transaction.
In closing the transaction, which was arranged by BNP Paribas, Livermore was able to take advantage of the recent attractiveness in loan prices, while Blackstone and BNP Paribas’ global reach enabled investors to participate in a larger deal while achieving one of the tightest costs of funding in recent weeks.
Meanwhile in the last month, Livermore also successfully closed another CLO issuance alongside Prudential Investment Management, arranged by Nomura.
Marking a record year, the past 12 months has seen Livermore successfully price and close over $2.8 billion of US CLOs, managed by leading CLO managers including Blackstone Credit, Prudential Investment Management, Ares Management and MJX Asset Management. This includes the $650 million Peace Park CLO with Blackstone in September 2021.
