Another deal led by Credit Suisse First Boston that is said to be close to pricing is the $300 million Chiron CLO on behalf of Rabobank International. E.A. Kratzman, formerly one of three co-founders and head of portfolio management for Institutional Debt Management, was brought on board by Rabo last year to manage loan assets (LMW, 3/16). At IDM, Kratzman was responsible for the execution and portfolio investment strategies, managing the ELC funds as well as Apex and Tryon--seven funds totaling approximately $3.5 billion in assets. A banker said the deal is likely to price in the coming weeks. Kratzman and CSFB bankers did not return calls.
Currently Rabobank manages $15.5 billion in structured credit assets in a variety of portfolios and vehicles, which includes $3.3 billion of mezzanine and equity securities and $9.7 billion of CDO investments of which $2.4 billion are in CLO investments.