Greywolf Capital Expands CLO Business, Forms Risk Retention Vehicle

Oct 23 2017 | 6:00pm ET

In addition to announcing a first close on its second dedicated CLO equity fund with more than $100 million in capital commitments, global alternative credit and event-driven manager Greywolf Capital Management has formed a new unit that will sponsor and manage CLO transactions while acting as the risk retention investor for them.

The new entity is named Greywolf Loan Management LP, the company said in a statement. Since 2007, Greywolf has successfully launched $2.7 billion in CLOs with $2.2 billion currently outstanding.

Given this additional capital, Greywolf expects to increase its managed CLO platform by roughly $1 billion over the next 12 months, the statement added.  In addition to managing Greywolf CLO transactions, the firm also manage a number of customized portfolios that invest in 3rd party CLO debt and/or equity. The Greywolf investment team comprises 14 professionals with an average tenure at Greywolf of more than ten years. 

Founded in 2003 and headquartered in Purchase, NY, Greywolf Capital Management is a registered investment adviser with approximately $3.2 billion in assets under management deployed across Event Driven and CLO credit strategies. 

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