Sculptor Caps Successful Year with $408 Million CLO Closure

Deal News | Dec 19, 2024 | Sculptor Capital Management In

Sculptor Caps Successful Year with $408 Million CLO Closure

Sculptor Capital Management, a leading global alternative asset manager, announced the closing of its 34th collateralized loan obligation (CLO) transaction, Sculptor CLO XXXIV, valued at $408 million. Building on a successful year, the firm issued or refinanced a total of 13 CLOs, bolstering its Institutional Credit Strategies (ICS) offerings. The CLO, arranged by JP Morgan, is anchored by senior secured loans and features a two-year non-call period and a five-year reinvestment period. Sculptor CLO XXXIV attracted significant interest from diverse global institutional investors and a controlling equity stake was secured through Sculptor Loan Financing Partners. As of September 30, 2024, Sculptor manages $24 billion in global credit assets and $34 billion in total assets across various strategies.

Sectors

  • Financial Services
  • Asset Management
  • Investment Banking

Geography

  • United States – Sculptor Capital Management is headquartered in New York and the article highlights its activities in the US, reflecting the company's significant presence in the region.
  • Europe – Sculptor's management of CLOs across Europe signifies its operational and investment footprint in the region.

Industry

  • Financial Services – The article discusses the activities of Sculptor Capital Management, a firm specializing in investment management, a core component of the financial services sector.
  • Asset Management – Sculptor Capital Management is involved in managing a wide range of assets including CLOs, CBOs, and other credit instruments, which is central to the asset management industry.
  • Investment Banking – JP Morgan's role in arranging the CLO suggests involvement in investment banking, which often includes structuring and facilitating such complex financial transactions.

Financials

  • $408 million – The value of the Sculptor CLO XXXIV transaction.
  • $13 billion – The total assets managed across Sculptor's suite of 34 CLOs and CBOs.
  • $24 billion – Total credit assets managed globally by Sculptor as of September 30, 2024.
  • $34 billion – Sculptor’s total assets under management as of September 30, 2024.

Participants

NameRoleTypeDescription
Sculptor Capital Management, Inc.PE FirmCompanyA global alternative asset manager focusing on credit, real estate, and multi-strategy investments.
JP MorganArrangerCompanyA major global investment bank involved in arranging the CLO transaction.
Jimmy LevinChief Investment Officer and Executive Managing PartnerPersonLeader within Sculptor, overseeing investment strategies and instrumental in the firm’s success in issuing CLOs.
Sculptor Loan Financing PartnersEquity PlatformCompanySculptor's captive CLO equity platform that pre-placed a controlling equity stake in the transaction.