Greywolf Capital Management, the Purchase, N.Y.-based hedge fund, is preparing its first collateralized loan obligation. The $400 million fund is being led by Goldman Sachs. A Greywolf representative declined comment. A call to Goldman was not returned.
Called Greywolf CLO I, according to JPMorgan and Lehman Brothers' research reports, it is still listed in the pipeline and it is unclear when it will price. The management team could not be determined.