CVC Credit Prices First CLO Transaction of 2025 for Cordatus X
Deal News | Feb 07, 2025 | CVC Capital Partners
CVC Credit, a division of CVC Capital Partners, has successfully priced its first CLO (Collateralized Loan Obligation) transaction of 2025. The transaction involved the reset and expansion of Cordatus X, increasing the vehicle's size by €90 million to a total of €450 million. This move reflects the firm's strategy of actively managing its CLO portfolios to enhance investor returns. Guillaume Tarneaud, Partner and Head of European Performing Credit at CVC Credit, expressed satisfaction with the initiative, signifying an important milestone for 2025. Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit, emphasized the firm's commitment to maximizing return profiles through strategic resets and refinancings.
Sectors
- Investment Management
- Private Equity
Geography
- Europe – The focus on European Performing Credit indicates that the transaction is likely based or highly relevant in Europe.
Industry
- Investment Management – The article deals with CVC Credit's management and pricing of a CLO, which is a significant financial product in investment management.
- Private Equity – CVC Capital Partners is a prominent private equity firm, highlighting this sector's involvement in the transaction.
Financials
- €90 million – The increase in size for the Cordatus X CLO vehicle.
- €450 million – The total size of the Cordatus X after the expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC Capital Partners | Parent Company | Company | A leading global private equity and investment advisory firm. |
| CVC Credit | Managing Firm for CLO | Company | Specializes in collateralized loan obligations and credit fund management. |
| Guillaume Tarneaud | Partner and Head of European Performing Credit | Person | Responsible for overseeing European performing credit at CVC Credit. |
| Gretchen Bergstresser | Managing Partner and Global Head of Performing Credit | Person | Leads the global strategy for performing credit at CVC Credit. |