CBAM Closes Its Third European CLO at €300 Million
Nov 06, 2020, 08:00 ET
NEW YORK, Nov. 6, 2020 /PRNewswire/ -- CBAM, an alternative investment management firm, today announced the closing of its third European collateralized loan obligation (CLO), Bastille CLO 2020-3, totaling €300 million, with Citibank acting as lead arranger. This brings CBAM's total CLO issuance to $11.5 billion since the closing of its first CLO in June 2017 and its total Euro CLO issuance since July 2020 to €950 million.
As of September 30, 2020, CBAM's AUM stood at $13.3 billion across multiple credit vehicles and separate accounts.
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 $13.3 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.
Josh Clarkson / Ben Howard
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SOURCE CBAM Partners
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