Sculptor Capital Management has reset its $400m (£297m) 32nd collateralised loan obligation (CLO), Sculptor CLO XXXII.
The deal represents its second US reset this year. The firm currently manages a suite of 53 CLOs and CBOs totalling around $12.6bn in assets across the US and Europe. The firm manages around $22.1 billion in credit assets globally.
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CLO 32 is a 2024 vintage transaction arranged by Societe Generale, and the reset establishes a new five-year reinvestment period along with a two-year non-call period.
“The CLO 32 reset delivered meaningful results, tightening the AAA spread by 36 basis points to S+129 and reducing our overall WACC by 46 basis points,” said Josh Eisenberger, executive managing director and head of US CLO management at Sculptor.
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“This kind of execution, combined with a refreshed five-year reinvestment period, gives us exactly the flexibility we need to continue managing the portfolio through evolving credit conditions. This transaction reflects the ongoing momentum of our U.S. platform and our continued focus on disciplined portfolio management across market environments. We look forward to building on this activity as the year progresses.”
