Pinebridge joins European CLO revival

The firm has closed a €335 million vehicle, joining 3i, Carlyle and others in successfully pricing a collateralised loan obligation

US alternative asset manager Pinebridge Investments has raised its first European collateralised loan obligation fund since the crisis, as the market experiences a resurgence.

The firm has closed a €335 million CLO, it said in a statement yesterday.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire