CVC Credit, the fast growing €48 billion global credit management business of CVC, is pleased to announce that it has successfully priced Cordatus XXXVII (37), a new €400m Collateralised Loan Obligation ("CLO") vehicle. This is CVC Credit’s seventh new issue CLO of 2025 and twenty seventh when including resets and refinancings.
JP Morgan served as the lead arranger for the vehicle, which has a four-and-a-half-year reinvestment period. More than 65% of Cordatus XXXVII’s assets were sourced prior to pricing.
Despite recent market volatility we were pleased to receive strong support for this vehicle from both new and long term investors, reflecting not only our strong track record, but also, and importantly in the current environment, a highly disciplined approach in underwriting to fundamentals.
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 delighted to announce the successful pricing of Cordatus XXXVII, our seventh new issue globally and fourth in Europe this year. Despite recent market volatility we were pleased to receive strong support for this vehicle from both new and long term investors, reflecting not only our strong track record, but also, and importantly in the current environment, a highly disciplined approach in underwriting to fundamentals.”
CVC’s Liquid Credit business manages €31 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in both Europe and the US.