GoldenTree raising $300 million CLO debt fund
By Lawrence Delevingne
Wed Jun 27, 2012
Joseph Naggar will manage the firm’s latest structured credit offering.
GoldenTree Asset Management, the $10.5 billion credit hedge fund firm led by Steve Tananbaum, continues its expansion into the structured credit market with the preparation of a $300 million collateralized loan obligation investment fund, according to marketing materials for the new vehicle.
|| Joseph Naggar |
(Photo: Mackenzie Stroh)
The GoldenTree CLO Debt Investment Fund 2012 will be led by Joseph Naggar, a partner and head of structured products at the firm.
GoldenTree declined to comment, but it appears to share a belief among an increasing number of credit hedge fund managers that CLOs offer a rare source of high yields relative to risk. The leveraged...
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