Blackstone Closes Euro CLO Fund

The Blackstone Group has closed its fourth European collateralized loan obligation (CLO) fund with EUR 400 million. Citigroup Global Markets was sole arranger and book-runner.



The Blackstone Group (NYSE: BX), today announced the closing of St James's Park CDO B.V. (“St. James's Park”), the fourth European collateralised loan obligation (CLO) fund to be managed by Blackstone Debt Advisors L.P. (“BDA”), an affiliate of The Blackstone Group. The St. James's Park vehicle is a EUR 400 million ($590 million) CLO, which has a dynamically-managed portfolio, comprised primarily of senior secured loans of European issuers and, to a lesser extent, second lien loans, unsecured loans, mezzanine loans and high yield bonds.

BDA extended its U.S. leveraged loan franchise into Europe by establishing a London presence in 2005 and, inclusive of St. James's Park, currently manages four CDOs comprised primarily of Eurodenominated assets with aggregate assets of approximately