Sculptor Closes European CLO XII Totaling €410.1 Million
Deal News | Jan 16, 2025 | Sculptor Capital Management In
Sculptor Capital Management, Inc. has announced the successful closure of Sculptor European CLO XII, a €410.1 million European collateralized loan obligation. This closure is noteworthy for being the company's second CLO transaction and the first new issuance in 2025. A substantial controlling equity position in SCULE 12 was pre-placed through Sculptor Loan Financing Partners, benefiting significantly from strong investor interest from various global institutions. This new development further solidifies Sculptor's commitment to its European CLO platform, having managed 34 CLOs and CBOs amounting to roughly $13 billion globally. SCULE 12 was arranged by BNP Paribas and incorporates a two-year non-call period along with a five-year reinvestment period. As per the latest figures from September 30, 2024, Sculptor manages $24 billion in credit assets worldwide, showcasing its extensive experience and well-established partnerships across various credit strategies. Sculptor Capital Management is a prominent global alternative asset manager focused on opportunistic investing, with approximately $34 billion in assets under management across different strategies including credit, real estate, and multi-strategy platforms globally.
Sectors
- Finance
- Alternative Investment
Geography
- Europe – The closing of Sculptor European CLO XII emphasizes Sculptor's strategic market position within the European financial landscape.
- US – Sculptor's operations and CLO management span the US, signifying the company's extensive North American market operations.
Industry
- Finance – The managing of 34 CLOs and CBOs across various geographies exemplifies the complex financial transactions and assessments involved in Sculptor's operations.
- Alternative Investment – Sculptor Capital Management’s role as a global alternative asset manager specializing in credit and multi-strategy investments highlights the prominence of the alternative investment sector.
Financials
- €410.1 million – The total amount of the European CLO XII managed by Sculptor.
- $13 billion – The approximate total of CLOs and CBOs managed by Sculptor globally.
- $24 billion – The value of credit assets managed by Sculptor globally as of September 30, 2024.
- $34 billion – The total assets under management by Sculptor as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sculptor Capital Management, Inc. | Issuer/Manager | Company | A leading global alternative asset manager with expertise in opportunistic investing across various asset classes. |
| Sculptor European CLO XII (SCULE 12) | Target | Company | A €410.1 million European collateralized loan obligation managed by Sculptor. |
| BNP Paribas | Arranger | Company | A leading bank that arranged the SCULE 12 transaction. |
| Sculptor Loan Financing Partners | Captive CLO Equity Platform | Company | Sculptor's internal platform used for pre-placing holding positions in CLOs. |
| Adeel Shafiqullah | Head of European CLO Management | Person | Responsible for overseeing the European CLO operations at Sculptor. |