LightPoint Capital Preps Second CLO Vehicle

LightPoint Capital Management, the Chicago-based loan asset management firm set up through the spin-off of senior members of ABN Amro's leveraged finance business, is close to completing its second collateralized loan obligation.

  • 29 Oct 2004
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LightPoint Capital Management, the Chicago-based loan asset management firm set up through the spin-off of senior members of ABN Amro's leveraged finance business, is close to completing its second collateralized loan obligation. The newest deal is called Premium Loan Trust I and is underwritten by Institutional Credit Partners (ICP), according to a presale report from Standard & Poor's. ICP is issuing $259 million of notes. The vehicle is notable for its short reinvestment period of one year.

Thomas Kramer, senior managing director and ceo of LightPoint, did not return calls. An S&P analyst declined comment. Earlier this year LightPoint raised its debut deal, an approximately $300 million CLO comprised of leveraged loans. Other professionals at the firm include Guia Trutter, managing director and head of trading; Joseph Lynch, portfolio manager; and Timothy Van Kirk, managing director and chief risk officer.

  • 29 Oct 2004

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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