CVC Credit is pleased to announce that it has priced Apidos XLI (41), a Collateralized Loan Obligation ("CLO") fund totalling c.$500m, arranged by Société Générale. This is the fifth new issue CLO priced by CVC Credit's transatlantic performing credit platform this year, which together have an aggregate value of over $2.4bn (c.€2.3bn).
Apidos XLI will increase CVC Credit's global AUM to over $34 billion (€32 billion). The transaction has been structured with a five-year reinvestment period and was well received by both existing and new investors. As with previous Apidos funds, Apidos XLI is primarily comprised of broadly syndicated First Lien Senior Secured Loans.
The successful pricing of Apidos XLI reflects our active pace of issuance across today's global CLO markets and disciplined approach to investment.Gretchen Bergstresser
Cary Ho, Partner and Global Head of CLO origination for Performing Credit at CVC Credit, said: "We are delighted to price our latest US CLO. We have continued to generate strong momentum and realise solid performance from our CLO issuance over the first half of 2022, even during a challenging market environment characterised by fluctuating spreads and increased market volatility."
Gretchen Bergstresser, Partner and Global Head of Performing Credit at CVC Credit, added: "The successful pricing of Apidos XLI reflects our active pace of issuance across today's global CLO markets and disciplined approach to investment. We appreciate the unwavering support shown by our investors and look forward to the exciting opportunities ahead for our global Performing Credit strategy."