Investcorp closes €250 million collaterised loan obligation – The National

SourceThe National
SectorFinancial Markets
CountryBahrain

The Bahrain-based firm had closed a €489m CLO earlier this year Investcorp closed a €250 million collaterised loan obligation, its second this year. Courtesy Investcorp July 28, 2020 July 28, 2020 Investcorp, the Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, closed a €250 million (Dh1 billion) collaterised loan obligation (CLO) as it looks to invest in performing assets to boost growth. The latest transaction represents the firm’s seventeenth second generation, post-financial crisis European CLO and brings its total assets under management (AUM) in European CLOs to over €7bn, the company said in a statement on Tuesday. CLOs are corporate loans...read more...