- Fund name: AGL Core CLO 2
- Amount raised: $450m
- Stage of fundraising: Final Close
- Final close date: December 2019
- Time on the road: <1 year
- Predecessor fund: AGL CLO I
- Target IRR: 8-10%
- Placement Agent/Fund Formation: BNP Paribas
AGL Credit Management held a final close of AGL Core CLO 2 on $449.66 million. The fund invests in sector-agnostic, senior secured floating rate Broadly Syndicated Loans and is targeting returns in the high single digits. This continues the strategy established by AGL’s first fund, AGL CLO I, which closed on $454m last year.