CBAM Closes Its 13th US CLO at $450 Million
NEW YORK, Dec. 17, 2020 /PRNewswire/ -- CBAM, an alternative investment management firm, today announced the closing of its 13th US collateralized loan obligation (CLO), CBAM 2020-13, totaling $450 million, with BNP Paribas acting as lead arranger. This brings CBAM’s total CLO issuance to nearly $12.0 billion since the closing of its first CLO in June 2017.
As of October 31, 2020, CBAM’s AUM stood at $13.6 billion across multiple credit vehicles and separate accounts.
CBAM Partners, LLC an Eldridge Industries business, is an investment management firm and SEC-registered investment adviser founded in 2016 by Don Young, Mike Damaso, and Jay Garrett, headquartered in New York. With $13.6 billion of AUM, CBAM specializes in opportunities across the credit spectrum for institutional clients through separately managed accounts, CLOs, and private funds. To learn more about CBAM please visit www.cbam.com