Z Capital Credit Partners Announces Closing of $400.75 Million Debut CLO

First CLO for Z Capital -- Intended to Comply with European Risk Retention Regulations

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Jul 21, 2015, 08:00 ET

NEW YORK, July 21, 2015 /PRNewswire/ -- Z Capital Credit Partners, L.L.C. ("Z Capital Credit Partners"), the credit fund management arm of Z Capital Group, L.L.C. ("Z Capital Group"), announced today the closing of a $400,750,000 collateralized loan obligation ("CLO") managed by its affiliate, Z Capital CLO Management, L.L.C. ("Z Capital CLO Management"). Z Capital Credit Partners CLO 2015-1 Ltd. is Z Capital Credit Partners' debut CLO and was the first U.S. broadly syndicated loan CLO to price in 2015 that is managed by a first-time manager.

The CLO issued securities rated from AAA through B. Z Capital CLO Management will retain a majority of the deal's subordinated notes. The CLO is backed primarily by a revolving pool of broadly syndicated senior secured loans, has a four and one-half year reinvestment period and is intended to comply with recent European securitization risk retention regulations.

"We are pleased that our inaugural CLO received strong support, representing a successful debut offering for Z Capital Credit Partners," said James Zenni, President and CEO of Z Capital. "The level of investor interest speaks to our principals' track record in CLO and broadly syndicated bank loan management, our robust credit platform and the expertise of the team at Z Capital Credit Partners. We are particularly pleased to offer an international base of investors access to a product that is intended to comply with recent European risk retention regulations and that seeks to generate attractive risk-adjusted returns in today's low interest rate environment."

Class	Size ($MM)	Ratings (S&P/Moody's)
A-1 Notes	243.00	AAA(sf)/Aaa(sf)
A-X Notes	6.00	AAA(sf)/Aaa(sf)
B Notes	48.50	AA(sf)
C Notes	24.50	A(sf)
D Notes	20.00	BBB(sf)
E Notes	18.50	BB(sf)
F Notes	5.25	B(sf)
Subordinated Notes	35.00	NR

About Z Capital Credit Partners
Z Capital Credit Partners, L.L.C. ("Z Capital Credit Partners") is the credit fund management arm of Z Capital Group, L.L.C. ("Z Capital Group"). Z Capital Credit Partners' strategy is to invest primarily in senior secured debt and other debt instruments with substantial assets and/or enterprise value, providing for downside protection. www.zcapcredit.net

About Z Capital Group
Z Capital Group, L.L.C. ("Z Capital Group") is a leading global alternative investment manager with approximately $2.3 billion of regulatory assets under management with offices in New York, NY; Lake Forest, IL; and Zurich, Switzerland.

Z Capital Group manages opportunistic, value-oriented private equity and credit funds.

Z Capital Group operates in an integrated manner, yet has distinct business platforms of private equity and credit funds.

Z Capital Group's investment team has more than a twenty-year track record investing capital of approximately $17 billion in private equity and credit related strategies. Industries in which the principals of Z Capital Group have invested include consumer products, steel, steel processors, agriculture, consumer food, gaming, hospitality, manufacturing, specialty services and automotive.

Z Capital Group's investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, wealth management firms and other financial institutions in North America, Europe, Asia, Africa and the Middle East.
www.zcapgroup.net

Contacts
Joele Frank, Wilkinson Brimmer Katcher
Jonathan Keehner / Julie Oakes
212-355-4449

SOURCE Z Capital Credit Partners, L.L.C.