Tikehau takes a 'first step' with its debut CLO, says co-founder
Tikehau Capital Europe has priced its debut CLO, the €354.7m Tikehau CLO BV, with the senior notes wide of the 130bp over Euribor level where the market has been settling for much of the second quarter.
Goldman Sachs led the deal.
"Clearly there is a slight premium to be paid for new entrants with a new CLO platform,” said Mathieu Chabran, co-founder of Tikehau.The triple-A senior notes’ 140bp spread was wider than the 130bp level that established managers have achieved this quarter, said ...
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