Trinitas Capital Management, a Dallas-based collateralised loan obligation (CLO) manager, today announced that Pine Brook has closed its previously announced USD250 million line of equity commitment in Dallas-based collateralised loan obligation (CLO) manager, Trinitas Capital Management.
“We’re very pleased to partner with Pine Brook and look forward to continue building the platform into a world-class CLO issuer,” says Gibran Mahmud, chief executive officer at Trinitas Capital Management. “We believe that Pine Brook’s track record and experience with financial institutions will be a great asset for Trinitas Capital Management, and that access to their global investor base will continue to strengthen the capitalization of the company.”
“We are excited to back Gibran Mahmud and his team through this investment,” says Bharath Srikrishnan, managing director of Pine Brook.
Trinitas Capital Management simultaneously announced the closing of a USD717 million CLO, known as Trinitas VI LLC. This is Trinitas Capital Management’s largest offering since the Company’s founding in 2015.
“Our success with Trinitas VI shows strong continuing institutional interest in CLOs, and demonstrates our investors’ confidence in our platform and ability to structure transactions,” adds Mahmud.
