Bridgepoint has today announced the successful pricing of the reset and upsize of Bridgepoint CLO IV, extending the reinvestment period to 2029.
Originally priced in December 2022, the transaction increases the size of CLO IV by 40% - from €320 million to €450 million - while extending the maturity profile and lowering the cost of capital.
The transaction saw strong demand across the whole capital structure, from both new and existing investors, underscoring the market’s confidence in Bridgepoint’s disciplined investment strategy and rigorous credit selection process.
Commenting on the transaction, John Murphy, Partner and Bridgepoint’s Head of Syndicated Debt, said:
“We appreciate the continued support from our broad investor base in our latest CLO transaction, a reset of Bridgepoint CLO IV. This reflects the high degree of confidence that investors place in our dynamic approach to CLO portfolio management - an approach that has established Bridgepoint as one of Europe’s foremost CLO 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.