Permira Credit has priced its 14th European collateralised loan obligation (CLO) at €405.3m (£352.3m).
The pricing of Providus XIV (14) represents Permira Credit’s 17th new-issue transaction globally, three of which were in the US.
The transaction puts the firm among the first managers to re-open the European CLO market this year, Permira Credit said.
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“We are pleased to announce the pricing of our first new-issue CLO of 2026, supported by strong investor demand and continued confidence in our defensive investment strategy and proven track record,” said Charlotte Claraco, managing director at Permira Credit.
Upon the closing of the transaction, the assets under management for Permira Credit’s global liquid credit platform will reach €6.9bn upon closing of this transaction.
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“The successful pricing of Providus CLO XIV, following a strong year of issuance in 2025 across both our European and US platforms, highlights the resilience of our strategy and the depth of our global investor relationships,” said Ariadna Stefanescu, co-head of Permira Credit and head of liquid credit. “We are grateful for the continued support of our investors and remain focused on delivering attractive, risk-adjusted returns through 2026.”
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