Bridgepoint has today announced that it has priced Bridgepoint CLO VII (“CLO VII”), 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 reinvestment period closing in July 2029.
CLO VII is Bridgepoint Credit's second CLO offering in 2024 and represents the seventh issuance from its CLO platform, following the €400 million CLO VI priced in April 2024. The completion of this transaction will bring Bridgepoint's cumulative CLO issuance to €2.6 billion.
Today’s news builds on Bridgepoint Credit’s continued fundraising progress to date, with the successful close of three CLOs, as well as BDL III and BCO IV, since 2023. Strong demand for CLO VII was expressed by a wide range of investors, reflecting Bridgepoint Credit’s proven track record in the CLO market.
John Murphy, Partner and Bridgepoint’s Head of Syndicated Debt, said: "We’re delighted to price our second European CLO transaction of 2024 at such strong levels. This pricing demonstrates the confidence the market has in Bridgepoint Credit’s investment approach and the strength of our team’s execution capabilities throughout credit cycles, 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 VII, 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.