Z Capital Credit Partners, L.L.C. (ZCCP) – the credit fund management platform of Z Capital Group, L.L.C. (ZCG) – announced the closing of a $331.3 million collateralized loan obligation (CLO) managed by its affiliate, Z Capital CLO Management, L.L.C. This is the fifth CLO issuance for ZCCP.
Backed by a diversified portfolio of broadly syndicated senior secured loans, the CLO vehicle will have a 2.5-year non-call and a four-year reinvestment period and is structured to comply with European risk retention regulations. The CLO offering garnered substantial support from existing and new investors across the capital structure.
Santander US Capital Markets acted as the arranger for the CLO and Cadwalader, Wickersham & Taft LLP acted as legal advisor to ZCCP.
KEY QUOTES:
“With a 30-year track record of investing in credit markets and structured products across multiple economic cycles, our extensive experience positions us as a leading player in the market. The substantial investor support for our fifth CLO underscores the strong performance of our credit platform and our demonstrated ability to successfully navigate market complexities.”
- James Zenni, Founder, President, and Chief Executive Officer of ZCG
“We are appreciative of the support this transaction received from a wide range of investors and we are focused on continuing to grow and scale this business rapidly as we seek to generate attractive risk-adjusted returns for our investors.”
- Shahid Khoja, Managing Director and Head of Credit at ZCCP
