Warwick Capital Partners closes USD $400mn CLO
- Experienced team of loan specialists – led by industry veteran Leland Hart – looks to capitalize on ongoing market opportunity
- Debut CLO marks key milestone for Warwick’s Performing Credit business
Stamford, September 28, 2023 – Warwick Capital Partners (“Warwick”), the global special situations private equity and credit firm, announces the closing of Warwick Capital CLO 1, its debut collateralized loan obligation (“CLO”). The U.S. broadly syndicated loan (“BSL”) CLO totals USD $400mn and was placed by RBC Capital Markets.
Through its CLO business, Warwick aims to generate attractive returns through a highly diversified portfolio of senior secured loans, while preserving capital through detailed credit analysis, active risk management and constant portfolio optimization.
Based in Stamford, Connecticut, U.S., the CLO team at Warwick comprises highly experienced credit and structured products specialists, with an average experience of over 20 years in the credit industry. The team is led by Portfolio Manager and CIO Leland Hart, who has been investing in loans / CLOs, as well as managing credit investment teams, for over 30 years – most recently as Co-CIO at Alcentra and, before that, Head of Loans and CLO Investing at BlackRock.
The development of Warwick’s CLO business has focused on bringing in seasoned industry professionals who are well-placed to succeed in today’s credit markets, and fusing this with the firm’s long-standing, proven ability to identify and deliver on compelling risk/return opportunities for investors.
Leland Hart, Portfolio Manager & CIO of Performing Credit at Warwick Capital Partners, said: “The successful close of this CLO marks an important milestone for Warwick and our investment partners. We have an exceptional team of CLO specialists, and given the loan market’s depth and breadth, there is ample opportunity for us to deliver not just with this launch but others in future.”
Alfredo Mattera, Managing Partner & Co-Founder of Warwick Capital Partners, commented: “The development of our Performing Credit business perfectly exemplifies Warwick’s focus on delivering value investments in areas with strong opportunity and the close partnership we have with our investors. We have brought together a world-class group of CLO specialists and I am confident Leland and the team will be successful in their work going forward.”
About Warwick Capital Partners
Warwick Capital Partners is a global special situations investment firm focused on addressing complex capital needs across equity and debt. Founded in 2010 and with offices in London and Stamford, Connecticut, the firm manages $2.5 billion on behalf of global investors. Across European Flagship Funds, Specialty Funds, and Performing Credit, Warwick seeks to unlock value for its investors through a rigorous yet innovative approach to investing. For more information, please visit www.warwickcap.com.