Alcentra Secures $1 Billion in New Equity Commitments for CLO Strategies
Funding | Feb 25, 2025 | Alcentra
Alcentra, a prominent player in alternative credit management and a part of Franklin Templeton, has announced a major achievement in securing over $1 billion in new equity commitments for its CLO strategies. This influx of capital will primarily support Alcentra's CLO mezzanine and equity operations via its third-party CLO tranche investing platform. A notable portion will bolster the firm's second European CLO equity fund, contributing significantly to its approximate $4 billion AUM target in the European CLO market over the forthcoming three years. Alcentra manages $18 billion in European loans and CLO issuances and operates through its European Liquid Credit and Structured Credit arms, led by Cathy Bevan and Daire Wheeler respectively. Bevan asserts that institutional investors have ramped up their interest in CLOs in recent months, and Alcentra is strategically poised to leverage this trend. The firm, founded in 2002, boasts a robust $30 billion in AUM and functions under the global investment leader Franklin Templeton.
Sectors
- Financial Services
- Asset Management
- Investment Management
Geography
- Europe – Alcentra focuses heavily on European loans and CLO issuances, with plans for a significant presence in the European CLO market.
- United States – Franklin Templeton, the parent company, is based in California, and Alcentra operates globally, including significant activities in the U.S. market.
Industry
- Financial Services – The financial services industry is relevant as the article discusses Alcentra's role in alternative credit asset management and CLO markets.
- Asset Management – The article focuses on Alcentra's asset management strategies, particularly within the CLO sector, affecting institutional investment and fund management.
- Investment Management – Relevant due to Alcentra's management of CLOs and the structured credit sector, as well as being part of Franklin Templeton's expansive investment strategies.
Financials
- 1 billion – The amount of new equity commitments secured by Alcentra for its CLO strategies.
- 30 billion – Alcentra's total assets under management.
- 4 billion – Target assets under management in European CLOs over the next three years.
- 1.58 trillion – Franklin Templeton's total assets under management as of 31 January 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alcentra | Target Company | Company | Alcentra is an alternative credit manager focusing on CLO strategies and part of Franklin Templeton. |
| Franklin Templeton | Parent Company | Company | A global investment management organization that owns Alcentra and manages a wide array of asset classes. |
| Cathy Bevan | Head of Structured Credit and PM | Person | Leads Alcentra's Structured Credit business and oversees their CLO strategies. |
| Daire Wheeler | Head of European Liquid Credit | Person | Leads the European Liquid Credit business at Alcentra. |