AGL Credit Management raises $454m

The New York-based private debt firm closes its inaugural CLO.

AGL Credit Management held a final closing of AGL CLO I at $454 million. Capital raised by the CLO will be used to acquire floating rate senior debt across diversified industries.

Founded in 2019, AGL is a private debt investment firm that aims to provide stable returns through bank loans. With the closing of its latest vehicle, the firm now manages $1 billion in assets.

JP Morgan acted as a placement agent for the CLO.