We are delighted to announce that CVC Credit has won the Global CLO manager of the year and CLO manager of the year, Europe awards at the Private Debt Investor Awards 2020.
In 2020 CVC Credit raised c.$2.0 billion (c.€1.7 billion) through five new CLO funds, as well as completing two re-sets and one refinancing. In aggregate the CLO platform completed issuance activity of c.$3.0 billion (c.€2.5 billion) in the year.
Gretchen Bergstresser, Global Head of Performing Credit at CVC Credit, commented: "2020 was a very turbulent year for credit markets, but despite the many challenges encountered we nonetheless had a strong year. This award is testament to the quality and hard work of our fantastic transatlantic team and particularly rewarding given that it was voted for by our peers."
CVC Credit have been investing in leveraged credit though CLO structures since 2005. It is a core part of the business accounting for over $18 billion of CVC Credit's total AUM of c.$27 billion. By identifying and investing in credits that offer an attractive combination of risk and return, we aim to achieve market-leading returns through a combination of cash yield and active portfolio management.
About the Private Debt Investor Awards 2020 for CVC Credit
The Private Debt Investor Awards 2020, recognise the managers, institutional investors and advisory firms considered by their peers to have been the standard bearers of the private debt class in 2020. The winners, who were announced on 1 March 2021, were decided by a poll of Private Debt Investor's readers, who include a broad audience of both investors and managers as well as other industry professionals including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. CVC Credit was selected from a field of five nominees the in both the Global CLO of the year and CLO Manager of the year, Europe categories. The award may not be representative of the experience of any one client or investor.