Canada-based manager gains SEC approval, buys Garrison CLOs

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By Paola Aurisicchio
17 Nov 2020

Mount Logan Capital has acquired management rights to two middle-market CLO contracts from Garrison Investment Management. The asset manager disclosed the acquisition in an announcement and said that it paid $3m to take over the two CLOs together with “certain side letter agreements”.

The two CLOs, named Garrison Funding 2018-1 and Garrison MML CLO 2019-1, are backed by portfolios of $330m and $332m respectively.

Garrison Investment Group, the New York-based middle market credit manager, remains active in the CLO middle-market sector but pulled back in mid-March from the BSL space,

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