Muzinich & Co has expanded its collateralised loan obligation (CLO) platform with the launch of a European CLO business in partnership with Eagle Point Credit Management.
Eagle Point is a specialist in CLO equity and private credit strategies, and has played a key role in developing the US CLO platform for 1988 Asset Management, an affiliate of Muzinich.
Read more: Lendermarket hits €500m invested with €30m earned in interest
Since inception, 1988 Asset Management has successfully priced and closed 6 US CLOs totaling US$2.5bn (roughly £1.86bn), which form part of Muzinich’s $38.8bn assets under management.
Eagle Point will now act as a strategic partner in the launch of the European CLO business.
Read more: Monroe Capital inks $250m forward flow deal with Source One
“We are excited to build on our momentum in the US and bring our CLO capabilities to the European market, and we look forward to expanding our strong partnership and collaboration with Eagle Point,” said Justin Muzinich, chief executive of the business.
“The 1988 CLO program has become widely recognised in the market as a leading boutique CLO collateral manager,” added Thomas Majewski, founder of Eagle Point. “We are excited to help support bringing that same model of strong CLO management to the European market.”
Read more: Permira Credit prices 12th European CLO at €403.5m
