Search ABOUT COVID-19 PRIVATE EQUITY CREDIT PEOPLE RESPONSIBILITY OFFICES MEDIA INVESTOR LOGIN Press Releases Home / Media / Press Releases / 2021 CVC Credit prices its sixth new CLO of the year 03 Nov 2021 Cordatus XXII will increase CVC Credit's global AUM to €24 billion CVC Credit is pleased to announce that it has priced Cordatus XXII, a Collateralized Loan Obligation ("CLO") fund totalling €440m and arranged by Deutsche Bank. This is the sixth new CLO fund CVC Credit has priced globally this year and will take its total assets under management to €24 billion. Cordatus XXII was significantly oversubscribed and raised from both new and long-standing existing investors. The fund priced at the tight end of the market, with the AAAs at 94bps, which is the tightest long dated CLO print seen in Europe in H2 2021. As with previous Cordatus CLOs, the fund is primarily comprised of broadly syndicated First Lien Senior Secured Loans. Guillaume Tarneaud, Partner and Portfolio Manager at CVC Credit, said: "We are thrilled to have priced our latest European CLO, which will increase our European CLO AUM to over €8 billion for the first time. CVC Credit has priced €1.3 billion of new issue CLOs in Europe so far this year, which highlights the confidence of our investors and further strengthens our position as one of the leading CLO managers in the region." Gretchen Bergstresser, Global Head of Performing Credit at CVC Credit, said: "2021 has been extremely busy and successful for CVC Credit. We are delighted with our transaction rate so far this year, having priced nearly €9 billion in aggregate across our transatlantic platform. We continue to work hard to accelerate this rate and expect to publicly announce our next U.S. focused fund very shortly." << BACK TO PRESS RELEASES Contact Us Report Fraud Corporate Structure Modern Slavery Statement Terms of Use Privacy Policy Cookie Policy Cookie settings Accessibility Site Map Copyright © 2021 CVC Capital Partners SICAV-FIS S.A. All figures shown are as of 31 March 2021 unless otherwise indicated.