Danish credit management firm Capital Four has priced its 10th European collateral loan obligation (CLO), Capital Four CLO X Dac, at €407.28m (£350.9m).
Capital Four said the CLO had been priced with AAA clearing at 125 and the lowest mezzanine tranche at 817, adding that “both parts of the structure priced tighter than recent market prints”.
“Thank you to our investors for their continued interest and support, especially for such a milestone deal,” Capital Four said in a post on LinkedIn.
Read more: Barings prepares second European private credit CLO
Capital Four’s senior loans and CLOs strategy had assets under management of €6.4bn as of June this year, according to its website.
Its strategy is focused on senior secured loans and floating rate notes across both global and European markets, with opportunities available through CLOs managed by Capital Four, as well as fund and bespoke separately managed accounts formats.
In May this year, SEB asset management arm launched a private debt fund with Capital Four which will focus on Northern Europe, where both firms have a strong presence.
Back in March, Capital Four announced the final close of its fifth private debt vintage at its hard cap of €3bn.
The Private Debt V fund focuses exclusively on first lien senior secured bilateral financings to private equity-sponsored companies located in the Nordics, DACH and BENELUX regions, which have an EBITDA of between €10m and €20m.
