Sandelman launches $1.25 billion CLO

Sat Apr 1, 2006

Sandelman Partners, the $1 billion New York-based multistrategy fund run by former Banc of America Securities executive Jon Sandelman, has sold its first collateralized loan obligation.

The $1.25 billion transaction, aimed at financing the firm's loan business, will provide term financing for up to five years. The deal...


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