Wellington Management Prices CLO at USD 405.7m.

M2 EQUITYBITES-October 26, 2023-Wellington Management Prices CLO at USD 405.7m

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Investment management firm Wellington Management has priced its inaugural collateralised loan obligation, Wellington Management CLO 1 Ltd, a USD 405.6m US CLO, secured primarily by broadly syndicated first lien loans, the company said.

Wellington's CLO business is an extension of the firm's established credit platform, which as of 30 June 2023 managed approximately USD 446bn in fixed income assets.

This includes USD 81 bn in leveraged credit and structured finance, with USD 17 bn combined under management in bank loans and CLO tranche investments.

Wellington made its first bank loan and CLO tranche investments in 2004 and has continued to...

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