MJX Targets Third CLO

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MJX Targets Third CLO

MJX Asset Management, the newly formed asset management business that is acquiring the Venture CDO 2002 and Venture II CDO 2002 loan funds of Barclays Bank, is launching its third deal, Venture CLO 2003.

MJX Asset Management, the newly formed asset management business that is acquiring the Venture CDO 2002 and Venture II CDO 2002 loan funds of Barclays Bank, is launching its third deal, Venture CLO 2003. Credit Suisse First Boston is the lead underwriter for the CLO, which is rumored to be in the region of $225 million. Barclays is said to be an investor in the deal. Hans Christensen, lead portfolio manager and one of the founders of MJX, declined comment. MJX is owned by Robert Sillerman and members of the existing Venture management team, including Christensen and Martin Davey. Ex-Eaton Vance head par loan trader and portfolio manager Gretchen Bergstresser started work recently as a managing director (10/1). CSFB led the first two Venture deals.

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