Mizuho EMEA has priced and arranged Avoca XXXV, a collateralised loan obligation (CLO) managed by KKR.
According to Mizuho, Avoca XXXV was priced with the tightest full capital-stack print of the year to date.
The deal attracted broad global demand, with particularly strong support from Japanese investors, complemented by a participation from EMEA and US accounts, Mizuho EMEA said.
Read more: Fidelity expands ETF range with twin CLO launches
“Avoca XXXV marks another step forward in our platform’s trajectory,” said Asif Godall, head of markets at Mizuho EMEA. “The standout execution and global investor engagement highlight the strength of KKR as a premier CLO manager and the effectiveness of our distribution franchise.”
The transaction is the second deal solely arranged by Mizuho EMEA in Europe, following the successful execution of Invesco XV last summer. Since 2022, the firm has co-placed five additional CLOs and hired Hernan Quipildor to lead its global strategy in the space.
Read more: Park Square enters European CLO market
Mizuho EMEA is part of Japan-based Mizuho Financial Group, which has arranged 58 CLO transactions across new issues, resets and refinancings in 2025 through its teams in New York and London.
