Bridgepoint has today announced that it has priced Bridgepoint CLO VI (“CLO VI”), a new issue Collateralised Loan Obligation (CLO) vehicle totalling €400 million, as it continues to grow its €12 billion credit platform. The vehicle comes with a four-and-a-half-year reinvestment period.

CLO VI is Bridgepoint Credit’s first CLO offering in 2024 and represents the sixth issuance from its CLO platform, following the €400 million CLO V priced in August 2023. The completion of this transaction will bring Bridgepoint’s cumulative CLO issuance to €2.2 billion.

Today’s news builds on Bridgepoint Credit’s continued fundraising progress to date, with the successful close of two CLOs, as well as BDL III and BCO IV, in 2023. Fundraising for BDL IV has recently been launched and BCO V is expected to launch this summer.

John Murphy, Partner and Bridgepoint’s Head of Syndicated Debt said: “The successful pricing of our first European CLO in 2024 is a testament to our proven strategy, robust demand from both existing and new investors, and strong track record of being able to price transactions through the credit cycle. This milestone further underscores our commitment to delivering high-quality investment opportunities and reinforces Bridgepoint Credit’s position as one of Europe’s leading credit managers.”

With more than €12 billion of assets under management in corporate credit across the risk/reward spectrum, Bridgepoint Credit is one of Europe’s most experienced credit managers. It focuses on three complementary investment strategies: Direct Lending, Credit Opportunities and Syndicated Debt.

Bridgepoint CLO VI, as with all other CLOs within Bridgepoint’s CLO management platform, contain specific ESG eligibility criteria in the documentation, which include detailed restrictions on the industries in which the CLO will invest, building upon Bridgepoint’s strong reputation as a responsible investor.