CVC Credit has priced Cordatus XXIII, a Collateralised Loan Obligation (CLO) fund totalling EUR502 million, arranged by Jefferies.
This is the second new CLO fund CVC Credit has announced globally this year, both of which have priced in the last week. Together these new funds have an aggregate value of nearly EUR1 billion.
Cordatus XXIII was upsized by EUR100 million due to strong support from a diverse book of both new and longstanding investors. As with previous Cordatus funds, Cordatus XXIII is primarily comprised of broadly syndicated First Lien Senior Secured Loans.
