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.
(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
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.
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