New York City-based CBAM, an investment management firm, has closed its $1 billion collateralized loan obligation led by Morgan Stanley. CBAM is a portfolio company of Eldridge Industries.
NEW YORK, Dec. 6, 2017 /PRNewswire/ — CBAM today announced that it has closed a $1 billion collateralized loan obligation (“CLO”), led by Morgan Stanley. CBAM has now closed four CLOs totaling more than $5.1 billion, making it the largest U.S. issuer of new CLOs in 2017.
Earlier this year, CBAM marked its debut to the CLO market with an initial transaction with Citibank followed by additional CLOs with Bank of America and JP Morgan. CBAM anticipates 2017 year end assets under management will total approximately $6 billion across multiple credit vehicles.
CBAM, an Eldridge Industries portfolio company, is an investment management firm and SEC-registered investment adviser founded in 2016 by Don Young, Mike Damaso, and Jay Garrett. CBAM specializes in opportunities across the credit spectrum for institutional clients through separately managed accounts, CLOs, and private funds.
About Eldridge Industries
Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London.