Triton Partners is readying its first collateralized debt obligation of CDOs for next year, with pricing set for the first quarter, says a CDO market official. Called Triton Opportunities Fund, the $300 million deal is entirely backed by CDOs. It is the second CDO of CDOs originated by Triton, after CDO Square, last year. Dresdner Kleinwort Wasserstein in New York is underwriting the deal.
Calls to Arturo Cifuentes, managing director at Triton, were not returned. Annette Halprin, a structured finance banker at Dresdner, did not return calls. No pricing information was available at press time last Thursday.