AGL Credit Management LP, a private credit investment firm, has closed its latest collateralized loan obligation at $400 million. AGL Core 4 Ltd will invest in senior secured floating rate broadly syndicated loans across various industries.
NEW YORK, May 6, 2020 /PRNewswire/ — AGL Credit Management LP (“AGL”), a private credit investment firm specializing in innovative product solutions based on bank loans, today announced the closing of AGL Core CLO 4 Ltd. (“the Fund”), a lightly levered strategy based on bank loans and providing global institutional investors with target high single digit returns. The Fund totals $400 million and is intended to comply with European risk retention regulations.
AGL Core CLO 4 continues the same strategy of prior products and invests in senior secured floating rate Broadly Syndicated Loans (“BSL”) across a wide variety of industries.
“We continue to be pleased with the strong reception of investors to AGL’s offerings especially in today’s unprecedented environment,” said Peter Gleysteen, Chief Executive Officer and Chief Investment Officer of AGL. “The paramount focus of our team is risk management as stewards of the capital entrusted to us but also bringing new strategies based on opportunities the evolving situation offers.”
Wynne Comer, Chief Operating Officer of AGL, added, “We believe that the latest vintage of our growing franchise based on bank loans offers a truly unique solution for our clients as an alternative fixed income solution that does not rely on mark to market liquidation triggers and provides exposure to a diversified pool of assets that are safe and stable. We thank our investor partners who participated in the transaction and appreciate the support of Barclays in structuring and marketing the offering.”
About AGL Credit Management LP
AGL Credit Management LP (“AGL”) is a private credit investment firm and registered investment adviser specializing in innovative product solutions designed to deliver secure, stable and scalable returns based on bank loans. AGL was founded by Peter Gleysteen, a widely known innovator in the bank loan market, Thomas. H. Lee, one of the early pioneers in private equity investing and a wholly owned subsidiary of the Abu Dhabi Investment Authority. For more information, visit www.aglcredit.com.