CVC Credit score has priced Apidos LIII, a brand new $475m (£356m) collateralised mortgage obligation, representing the third new CLO priced globally by CVC Credit score this 12 months.
Apidos LIII has a 5 12 months reinvestment interval and a two 12 months non-call interval, backed by a portfolio of senior secured property.
Learn extra: CVC Credit score costs first CLO deal of 2025
The three CLOs priced by CVC Credit score this 12 months have an mixture worth of $1.4bn.
“Apidos LIII was very effectively acquired from our international buyers throughout very difficult market circumstances, which displays CVC’s confirmed monitor report, and the energy of {our relationships} with international buyers throughout the capital stack,” mentioned CVC credit score accomplice and international head of CLO origination Cary Ho.
“We’re pleased with the construction and the standard of property we now have been capable of buy throughout the early levels of this deal.”
Learn extra: CVC eyes acquisition of US personal credit score big Golub Capital – stories
Kevin O’Meara, accomplice and international co-head of performing credit score at CVC Credit score, mentioned: “We imagine the volatility during the last couple of months has and can proceed to create engaging funding choices for our buyers and we are going to attempt to capitalise on these alternatives.”
Learn extra: CVC beats revenue expectations as AUM reaches €200bn
