Z Capital Credit Partners (ZCCP), the credit fund management platform of Z Capital Group, has closed a $331.3m collateralised loan obligation (CLO) managed by its affiliate, Z Capital CLO Management. This is the fifth CLO issuance for ZCCP.
Backed by a diversified portfolio of broadly syndicated senior secured loans, the CLO vehicle will have a 2.5-year non-call and a four-year reinvestment period and is structured to comply with European risk retention regulations. The CLO offering garnered substantial support both from existing and new investors across the capital structure.
Santander US Capital Markets acted as the arranger for the CLO. Cadwalader, Wickersham & Taft acted as legal advisor to ZCCP.
