FORT WORTH, Texas, March 31, 2016 /PRNewswire/ -- Crestline Investors, Inc., a credit focused institutional alternative asset manager, today announced the closing of a $358.8 million collateralized loan obligation ("CLO"), known as Denali Capital CLO XII, Ltd., by its Crestline Denali Capital unit.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have an approximately four-year reinvestment period and two-year non-call period. This follows a $413.7 million CLO, Denali Capital CLO XI, Ltd., which was issued in 2015.
David Killion, Chief Executive Officer of Crestline Denali Capital, said: "We are pleased with the successful issuance of CLO XII in the midst of challenging debt capital markets conditions and an evolving regulatory framework. It affirms the benefits of the Crestline Investors platform and our ability to engage with a global base of investors."
"The success of this transaction affirms Crestline's strategy of executing a fully risk retention compliant CLO under either U.S. or European regulations, or both," said Douglas Bratton, Chief Executive Officer of Crestline. "We believe the market will continue to differentiate between managers that have prepared for the new regulatory regimes, and those that have not."
BNP Paribas acted as the arranger for the CLO.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is a credit focused institutional alternative investment management firm with approximately $10.3 billion of assets under management. Crestline specializes in credit, opportunistic investments, and hedge fund and beta solutions. In addition to its Fort Worth, Texas headquarters, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.
About Crestline Denali Capital, L.P.
Crestline Denali Capital, formed in October 2014 as a partnership between Crestline Investors and Denali Capital LLC, a specialized asset management company located in Oak Brook, Illinois. The company manages portfolios of leveraged commercial loans and related assets on behalf of its investors. The company currently has approximately $1.7 billion of assets under management and is an active investor across a broad spectrum of the syndicated leveraged loan market.
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SOURCE Crestline Investors, Inc.