NEW YORK, Aug. 10, 2020 /PRNewswire/ -- CBAM today announced that it has closed a $500 million collateralized loan obligation ("CLO"), with Bank of America acting as lead arranger. CBAM 2020-12 brings CBAM's total CLO issuance to $10.8 billion since its first CLO closing in June 2017, including its debut European CLO, Vendome Funding 2020-1, which closed in July of this year. Between 2017-2019, CBAM was the 4th largest issuer of new issue U.S. CLOs in the aggregate at $9.9 billion.
As of July 31, 2020, CBAM's AUM stood at approximately $13.0 billion across multiple credit vehicles and separate accounts.
About CBAM
CBAM Partners, LLC an Eldridge Industries business, is an investment management firm and SEC-registered investment adviser founded in 2016 by Don Young, Mike Damaso, and Jay Garrett, headquartered in New York. With $13.0 billion of AUM, CBAM specializes in opportunities across the credit spectrum for institutional clients through separately managed accounts, CLOs, and private funds. To learn more about CBAM please visit www.cbam.com
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SOURCE CBAM Partners
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