Goldman Sachs is in the equity marketing stage for New York Life Investment Management's latest collateralized loan obligation, Flatiron II. A source noted that the vehicle will likely be in the $300-350 million range and will price in the fall. He said reverse inquiry from investors in existing NYLIM deals is a factor in the timing. Bear Stearns Asset Management is also said to be marketing its latest deal, the $300 million Grayston CLO II. Officials at Bear Stearns and New York Life declined to comment.
New York Life, BSAM Target CDOs