Axa IM’s latest CLO fund seeks to raise $300m annually

Axa IM Novalto_CLO Credit Fund focuses on investing in mezzanine debt tranches of CLOs. A pension fund has already committed $50m.

Axa Investment Managers (Axa IM) has kicked off fundraising for its latest collateralised loan obligation (CLO) fund with a $50 million investment as it targets raising between $200 million and $300 million annually for the mezzanine-focused vehicle.

The firm launched the CLO fund, titled AXA IM Novalto_CLO Credit Fund, yesterday (6 June).

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