Goldman Sachs is in the equity marketing stage for New York Life Investment Management’s latest collateralized loan obligation, Flatiron II. A source noted that the vehicle will likely be in the range of $300-350 million and will price in the fall. He said reverse inquiry from investors in existing NYLIM deals is a factor in doing the deal now.
Bear Stearns Asset Management is also said to be marketing its latest deal, the $300 million Grayston CLO II. Officials at Bear declined comment.