GSC Continues CDO Build Up

The rolling tide of collateralized loan obligations in the pipeline continues as GSC Partners aims to complete the approximately $440 million GSC Partners CDO IV.

  • 01 Dec 2003
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The rolling tide of collateralized loan obligations in the pipeline continues as GSC Partnersaims to complete the approximately $440 million GSC Partners CDO IV. The deal is said to comprise at least 75% leveraged loans and is underwritten by Lehman Brothers. The remaining bucket is for high-yield bonds, according to a source. Thomas Libassi, a managing director at GSC, and Mark Zusy, a managing director at Lehman did not return calls. There is an AMBAC Asset Assurancewrap on the senior notes, a source said.
 
GSC has more than $4 billion in assets under management. The last GSC fund completed was Gemini Fund Ltd. 1, which is backed by middle-market loans (LMW, 9/29/02). The firm, which was previously known as Greenwich Street Capital Partners, also has approximately $1.5 billion invested in private equity, about $525 million in distressed assets and a mezzanine fund. 
 
PSERS,the public pension fund of the school employees of the Commonwealth of Pennsylvania, invested $80 million in the latest CLO, according to a document from the fund. Calls to officials at PSERS were not returned by press time and it could not be determined if it had made other allocations to the sector.
  • 01 Dec 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%