Chamonix Partners Capital Management has raised $304m (£228.9m) for its inaugural project finance collateralised loan obligation (CLO).
The Chamonix Infrastructure Funding I CLO is financed predominantly by emerging markets-domiciled infrastructure loans originated by Natixis Corporate & Investment Banking (Natixis CIB).
The underlying infrastructure projects are located across regions including South America, North America, Asia and the Indian subcontinent, the firm said.
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“The launch of Chamonix Infrastructure Funding I is a testament to the powerful synergies between Natixis CIB’s leading infrastructure and securitisation franchises, and Chamonix’s specialized asset management expertise,” said Marc Denjean, global head of credit portfolio and resource management for Natixis CIB. “This transaction allows us to provide our institutional clients with additional access to essential infrastructure assets.”
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Chamonix, a registered investment adviser and subsidiary of Natixis CIB, said that it aims to attract private sector investment into infrastructure projects across both developed and emerging markets via its securitisation platform.
Various teams within Natixis CIB worked with Chamonix to source the loans included in the CLO, as well as structure and arrange the securitisation.
“The successful closing of this landmark transaction allows us to recycle capital which we plan to immediately redeploy into new funding for our clients’ capital needs,” said Nasir Khan, head of real assets and global trade Americas at Natixis CIB.
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