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United Kingdom : 3i closes its third CLO of 2014: Jamestown IV

June 27, 2014

3i, an international investor, announces it has closed a collateralised loan obligation ( CLO ) fund, Jamestown CLO IV ( Jamestown IV ). This will be the fifth CLO raised by 3i Debt Management US ( 3iDM US ) since the business was established in 2012.

The total size of the CLO is US$617.5 million. The fund will focus on investing in US corporate debt and in senior secured loans backing private equity buyouts in the US.

Jeremy Ghose, CEO and Managing Partner of 3i Debt Management said: This is our second US CLO this year, following the $416m raised in Q1. This has been possible thanks to the strong relationships held by our team with a range of market participants.

John Fraser, Managing Partner 3iDM US, commented: We are pleased to have closed our second CLO in the US this year as we continue to see strong demand from our investors.

3i Debt Management has grown substantially since it was established in 2011. At 31 March 2014 3iDM managed 28 funds and had total assets under management of approx. $11 billion, on a pro forma basis.

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Source: TendersInfo (India)

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