Nassau News
NEW YORK, July 2, 2024 – Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $830 million.
- NGC 2024-I Ltd., which closed on June 13, 2024, is a $400 million CLO supported by a collateral pool primarily consisting of broadly syndicated senior secured loans.
- Nassau Euro CLO IV DAC, which closed on June 28, 2024, is a €400 million CLO primarily consisting of broadly syndicated senior secured loans.
NGC was launched in 2023 through the combination of Angel Island Capital Management and Nassau Corporate Credit. The combined firm has issued 10 U.S. dollar-denominated CLOs and four Euro-denominated CLOs since 2017. The two June 2024 CLO issuances bring the firm’s total assets under management to approximately $8.3 billion.
NGC invests in the leveraged loan and high-yield bond markets across the U.S. and Europe, issuing CLOs, sponsoring private investment funds, and advising separately managed accounts. The team uses a disciplined, bottom-up credit approach to build diverse, high-quality pools with durable cashflows that can offer investors exposure to the leveraged loan market in an attractive format.
Jefferies LLC and Jefferies International Limited acted as the arranger and placement agent for NGC CLO 2024-1 and Nassau Euro CLO IV, respectively.
About Nassau Global Credit
Nassau Global Credit is a multi-strategy global credit manager focused on securitized credit, opportunistic credit, and total return credit investment strategies. NGC is a subsidiary of Nassau Asset Management, the asset management business of Nassau Financial Group with $24 billion in assets under management as of March 31, 2024. NGC is headquartered in New York with offices in London and Connecticut. For more information, visit Nassau Global Credit and Nassau Financial Group.
Contact:
corporate.communications@nfg.com
or
NassauFinancialGroup@fgsglobal.com
