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.