Bridgepoint Credit today (13 November 2020) announced the pricing of its debut European collateralised loan obligation (“CLO”), the €302 million Bridgepoint CLO 1 DAC (“Bridgepoint CLO 1”). In line with Bridgepoint’s responsible investing principles, Bridgepoint 1 contains specific ESG eligibility criteria which detail restrictions on the industries in which the CLO will invest.

Arranged by Barclays, Bridgepoint CLO 1 is expected to close on 18 December 2020.

William Jackson, managing partner of Bridgepoint said: “This is a milestone transaction for our credit platform which comes just three weeks after the completion of the merger of Bridgepoint Credit and EQT Credit. Credit is a key strategy for Bridgepoint which, thanks to our team’s market position, allows us to continue to offer a diversified range of alternative investment products to our investors.”

Andrew Konopelski, Bridgepoint Credit managing partner, added: “I would like to congratulate John Murphy and this team on the successful pricing today of Bridgepoint Credit’s maiden CLO. The strong investor demand reflects the depth of expertise across the platform and our complementary suite of credit products for the market. The enlarged Bridgepoint Credit team is open for business. This was a great team effort.”

The collateral manager of Bridgepoint CLO 1 is Bridgepoint Credit Management Limited.