DFG closes CLO, reaches first close on strategic fund

New York-based Dundee Wealth spin-off issued a CLO and made preparations for future risk retention compliance.  

DFG Investment Advisors announced last Monday (20 June) that it had closed its fourth collateralised loan obligation (CLO) transaction at $406 million. Goldman Sachs arranged the transaction on Vibrant CLO IV, which closed on 10 June, according to a statement.

The vehicle has a non-call period of two and a half years, a reinvestment period of four and a half years and is not risk-retention compliant.