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CVC Credit is pleased to announce that it has successfully closed the Cordatus Opportunity Loan Fund, a long-term financing facility structured similarly to a Collateralised Loan Obligation (CLO), with expected purchasing capacity of c.€400m notional of leveraged credit. To date the fund has ramped c.€175m of assets at an average price of 91.9%.
The fund was raised in partnership with Royal Bank of Canada and a strategic third-party investor, and will increase the aggregate value of new assets raised in 2022 across the CVC Credit CLO Platform to nearly €3.6bn (c.$3.8bn), despite volatile market conditions.