Eagle Point targets double-B CLO debt with new fund

CLO equity investor Eagle Point Credit Management has filed documents with the Securities Exchange Commission to set up a new closed-end CLO debt fund that will target double-B rated tranches.

  • By David Bell
  • 18 Jul 2018

Eagle Point, one of the largest US CLO equity investors in the market, is setting up a new fund, Eagle Point Income Company, to capitalise on growing demand from insurance companies and pension funds for riskier CLO debt.

The fund will target double-B tranches but up to 20% ...

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