Crestline Investors Inc has closed its latest collateralized loan obligation at $407.2 million. The CLO, known as Denali CLO XVII Ltd, is backed by leveraged loans and has a five-year reinvestment period and a two-year non-call period. Barclays was the arranger for the CLO.
FORT WORTH, Texas, Oct. 15, 2018 /PRNewswire/ — Crestline Investors, Inc., an institutional alternative investment management firm, today announced the October 15, 2018 closing of a $407.2 million collateralized loan obligation (“CLO”), known as Crestline Denali CLO XVII, Ltd., by its Crestline Denali Capital unit.
The CLO is backed by a portfolio of senior-secured leveraged loans and has a five-year reinvestment period and a two-year non-call period. This is the second CLO sponsored by Crestline in 2018, following the $409.6 million Crestline Denali CLO XVI, Ltd. which closed March 8, 2018.
“There continues to be strong global demand for structured finance products and floating rate instruments as investors look for protection against a rising interest rate environment,” said John Thacker and Greg Cooper, Co-Heads of Crestline Denali Capital, in a joint statement.
Barclays acted as the arranger for the CLO.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides beta and hedging Solutions for institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
About Crestline Denali Capital, L.P.
Crestline Denali Capital, a partnership between Crestline Investors and the Crestline Denali executive management team, is 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 $2.6 billion1 of assets under management and is an active and longstanding investor in the syndicated leveraged loan market.