Permira Credit has priced a €403.3m (£350.4m) European collateralised loan obligation (CLO) against “a challenging market backdrop”.
The pricing of Providus CLO XV marks Permira Credit’s 19th new-issue transaction globally and its fifth transaction of 2026, which the firm said reflects “continued momentum across our liquid credit platform”.
Read more: Permira Credit prices €405m European CLO
Upon closing of the transaction, Permira Credit will manage €7.7bn in global liquid credit assets under management.
“The successful pricing of Providus XV against a challenging market backdrop demonstrates the resilience of our platform and continued support from our investors,” said Charlotte Claraco, managing director at Permira Credit.
“We remain focused on our defensive investment strategy and will continue to invest with discipline in this volatile environment.”
Read more: Permira Credit prices third US CLO at $530m
Ariadna Stefanescu, co-head of Permira Credit and head of liquid credit, added: “As part of the broader Permira platform, we benefit from differentiated sector insights which, combined with our deep credit expertise, support disciplined underwriting and portfolio construction.
“We are grateful for the strong support received from both existing and new investors in this transaction.”
Read more: Signal prices sixth CLO at €400m
