AlbaCore Euro CLO I DAC: 18 July 2020
This is a managed cash flow CLO, where at least 90% of the portfolio must consist of senior secured obligations and up to 10% of the portfolio may consist of senior unsecured obligations, second-lien loans, mezzanine obligations and high yield bonds. AlbaCore Capital LLP will manage the CLO.
AlbaCore Capital Group is a European investment firm and bespoke solutions provider, focusing on private debt and opportunistic credit investments, with some Eur4bln under management.
Official Press Release: https://albacorecapital.com/pdf/20200626-albacore-prices-clo1-press-release.pdf
The portfolio is expected to be 91% ramped as of the closing date