Avoca Capital hires rival CLO team, takes on management of CLO obligations

Structured credit manager Avoca Capital has hired a rival CLO team and taken on management of its collateralised loan obligation, boosting consolidation of the sector.

  • 11 Dec 2009

Avoca Capital is taking on KBC Financial Products’ only collateralised loan obligation (CLO) under management — Lombard Street CLO I.

The acquisition of the Eu350m deal will bring Avoca’s assets under management to about Eu5.5bn. While some managers have expressed reluctance to take on a deal which required ...

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