CVC Credit, the €46 billion global credit management business of CVC, is pleased to announce that it has successfully priced Cordatus XXXVI (36), a new €400m Collateralised Loan Obligation ("CLO") vehicle and CVC Credit’s fifth new issue CLO of 2025.
The vehicle has a four-and-a-half-year reinvestment period and a one-and-a-half-year non-call structure with more than 65% of assets already sourced. Natixis served as the lead arranger.
We are very pleased to announce another new issue CLO in what has already been a busy year for CVC Credit, despite multiple periods of market volatility. While these market fluctuations can be challenging, they also create opportunities for established managers, and at CVC our global team is well-positioned to capitalise in these periods.
Guillaume Tarneaud Partner and Co-Head of Global Liquid Credit at CVC Credit
Guillaume Tarneaud, Partner and Co-Head of Global Liquid Credit at CVC Credit, said: “We are very pleased to announce another new issue CLO in what has already been a busy year for CVC Credit, despite multiple periods of market volatility. While these market fluctuations can be challenging, they also create opportunities for established managers, and at CVC our global team is well-positioned to capitalise in these periods.”
CVC’s Liquid Credit business manages over €30 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in both Europe. Recently the business reported a very active first six months of the year, pricing 17 transactions with an aggregate volume of approximately $7.9 billion (c.€7.1bn). This followed an exceedingly busy year in 2024 with 25 transactions priced with a volume of $11 billion.