European credit specialist AlbaCore Capital Group has priced AlbaCore Euro CLO V, its fifth Collateralised Loan Obligation (CLO) fund, at €347.6 million. AlbaCore Euro CLO V increases AlbaCore’s total value of CLO issuance to date from €1.9 billion to ~€2.3 billion.
European credit specialist AlbaCore Capital Group (AlbaCore) has priced AlbaCore Euro CLO V, its fifth Collateralized Loan Obligation (CLO) fund, at €347.6 million. AlbaCore Euro CLO V increases AlbaCore’s total value of CLO issuance to date from €1.9 billion to ~€2.3 billion.
In line with AlbaCore’s previous CLOs, AlbaCore Euro CLO V incorporates negative ESG screening criteria that is combined with AlbaCore’s fundamental research and risk focused ESG considerations, including restrictions on the industry type in which the CLO can invest.
Solely arranged by Merrill Lynch International and placed by Merrill Lynch International and NatWest Markets Plc as Co-Placement Agents, AlbaCore Euro CLO V priced on 14 April 2023 with closing expected on 26th May 2023 and is subject to customary closing conditions. The collateral manager of AlbaCore Euro CLO V is AlbaCore Capital LLP.
