Rhode Island pension fund backs Sycamore Tree and Neuberger for CLOs

Paola Aurisicchio

June 21, 2021 05:45 PM

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Rhode Island Employees' Retirement System has allocated $250m to Sycamore Tree and Neuberger Berman to invest in CLO equity and mezzanine tranches, following a new strategy that targets CLOs rather than real estate investment trusts (Reits) and master limited partnership (MLPs).

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Paola Aurisicchio