3i Debt Management is marketing a new European CLO and has plans to launch another in the US, according to sources close to the situation.
The European vehicle, Harvest VIII, is hoping to raise between €300 million and €400 million, the sources said. RBS is arranging the CLO.
3iDM declined to comment on the fundraising.
3iDM has been an active issuer of CLO paper over the last 12 months on both sides of the Atlantic. It closed its second US CLO, Jamestown III, in December on $516 million, two months after its first European CLO, Harvest VII, which raised €310 million. That vehicle was arranged by French bank Natixis and Resource Capital Markets.
The firm, led by Jeremy Ghose, is also eyeing another US-focused CLO with a target in the $500 million to $600 million range.