Maranon Capital announced the closing of Maranon Loan Funding 2020-1, Ltd., a $350 million collateralized loan obligation (“CLO”). This represents the fifth CLO issued by Maranon.
Maranon Loan Funding 2020-1 will primarily invest in leveraged loans to middle market, private equity-backed companies. The transaction was structured to comply with U.S. risk-retention requirements and has a one-year non-call period and a three-year reinvestment period.
Maranon Capital, L.P. is an investment firm focused on private credit investments. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has committed over $7.6 billion of capital.
Source: Business Wire
Can’t stop reading? Read more
Sycamore Partners completes $10bn takeover of Walgreens Boots Alliance, spins off Boots Group
Sycamore Partners completes $10bn takeover of Walgreens Boots Alliance, spins off Boots Group...
Guy Hands’ Terra Firma eyes takeover of Malmaison and Hotel du Vin hotels
Guy Hands’ Terra Firma eyes takeover of Malmaison and Hotel du Vin hotels Terra Firma Capital...
BlackPeak Capital backs Affinity Life Care in first-ever private equity deal for Romania’s elderly care sector
BlackPeak Capital backs Affinity Life Care in first-ever private equity deal for Romania’s elderly...