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Nassau Global Credit Closes Reset of Kings Point CLO Totaling $314 Million

NEW YORK, Sept. 4, 2024 – Nassau Global Credit (NGC) announced the reset of Kings Point 2024-1 Ltd. (formerly known as Angel Island Capital 2023-I Ltd.) (“Kings Point”), a highly flexible collateralized loan obligation (“CLO”). The transaction, which closed on Aug. 28, 2024, consists of:

  • Rated Note Issuance of $275,550,000 notional
  • Total deal size of $314,360,000 notional

Kings Point is designed to offer greater investment flexibility than a traditional CLO, providing investors with actively managed exposure to NGC’s opportunistic credit strategy in securitized format. Originally issued as a static internal securitization in January 2023, Kings Point is supported by a collateral pool primarily consisting of senior secured loans and bonds.

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Alice EricsonNassau Global Credit Closes Reset of Kings Point CLO Totaling $314 Million
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Nassau Financial Group Launches Nassau Bonus Annuity Plus

HARTFORD, Conn., Aug. 12, 2024 – Nassau Financial Group (“Nassau”) today introduced Nassau Bonus Annuity PlusSM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals.

“The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved middle market,” said Phil Gass, Chairman and CEO of Nassau. “With our Nassau Bonus Annuity Plus product, consumers will be able to lock in higher gains up front and increase their growth potential over the long term as yet another option to plan for their retirement.”

Issued by Nassau Life and Annuity Company, Nassau Bonus Annuity Plus is a single premium accumulation-focused fixed indexed annuity that helps increase retirement savings with an up-front premium bonus as well as total accumulation potential from powerful growth options and enhanced control over contract value.

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Alice EricsonNassau Financial Group Launches Nassau Bonus Annuity Plus
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Nassau Insurance adds Kathy Belfi to Board of Directors

HARTFORD, Conn., Aug. 6, 2024 – Nassau Financial Group (“Nassau”) today announced that Kathy Belfi has been appointed to the board of directors of Nassau’s insurance segment (“Nassau Insurance”).

“Kathy is a great addition to the Nassau Insurance board of directors,” said Phil Gass, Chairman and CEO of Nassau. “Kathy brings a wealth of knowledge and regulatory expertise from her many years as an insurance regulator at the Connecticut Insurance Department, having overseen some of the largest insurance companies across the country.”

“I am excited by this opportunity to be part of Nassau, which is one of the most dynamic companies that I got to know during my time at the Connecticut Insurance Department. I look forward to contributing to the continued growth and success of its insurance businesses,” Belfi said.

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Alice EricsonNassau Insurance adds Kathy Belfi to Board of Directors
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Nassau Global Credit Closes Two Collateralized Loan Obligations Totaling $830 Million

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.
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Alice EricsonNassau Global Credit Closes Two Collateralized Loan Obligations Totaling $830 Million
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Nick Acquavito Joins Nassau Global Credit to Lead Business Development and Investor Relations

NEW YORK, June 25, 2024 – Nassau Global Credit (NGC) is pleased to announce that Nick Acquavito has joined the firm as Director of Business Development and Investor Relations. In this new role for NGC, Nick will build a marketing and investor relations function to support the growth of NGC’s existing and future credit investment strategies.

NGC was formed in 2023 by the combination of Angel Island Capital Management and Nassau Corporate Credit. The firm 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.

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Alice EricsonNick Acquavito Joins Nassau Global Credit to Lead Business Development and Investor Relations
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