Angelo Gordon & Co. is on the road with its latest leveraged-loan backed structured vehicle. The asset manager, better known for its distressed expertise, does have several deals backed by par loans, said one investor at as U.S. insurance company that is looking at the notes. The CLO is called Northwoods Capital IV and will be approximately $500 million. John Fraser, the portfolio manager responsible for leveraged loans at Angelo Gordon, was out of the office. Other officials at Angelo Gordon did not return calls for comment.
Angelo Gordon Reaches Out For Par Deal