Alternative asset manager Mariner Investment Group has closed a USD511 million collateralised loan obligation (CLO).

This is the sixth CLO issued by Mariner’s leveraged credit team and the third in the past 10 months, bringing the total CLO assets under management to approximately USD3.1 billion.
 
Mariner’s leveraged credit team transitioned from ORIX Corporation USA, Mariner’s parent company, in the fall of 2014. The 18-member team is co-led by David Martin and Erik Gunnerson, who together bring over 30 years of investment expertise. Martin and Gunnerson have managed the team for nearly nine years, including while at ORIX USA and since moving to Mariner.
 
“Under the joint leadership of David and Erik, the leveraged credit team continues to execute their strategy for the platform, growing to close to USD4.0 billion in total assets under management since joining Mariner less than four years ago,” says Bill Michaelcheck, Mariner’s Chief Investment Officer. “The continued increase in AUM managed by the team underscores what a successful addition they have been to the firm.”