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
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