CIFC readies $1.2bn in new CLO issue and reset – exclusive

The asset manager’s latest CLO will mark the first investment from its partnership with a large Canadian pension plan.

Collateralised loan obligation manager CIFC is readying its fifth CLO for 2017 and is prepared to close a reset of a 2013 transaction, according to a source familiar with the situation.

CIFC 2017-V is a $510.5 million deal, on which Credit Suisse has served as the arranger, set to be priced in mid-October, this person said.