THL Credit closes on $616m CLO

The Boston-headquartered alternative credit firm has now closed on seven CLOs worth $3.7 billion since 2012.  

THL Credit Senior Loan Strategies and parent THL Credit Advisorshave closed on a $616 million collateralized loan obligation (CLO), led by Credit Suisse. THL Credit has now finalized seven CLOs totaling $3.7 billion since December 2012, the firm said in a statement on 10 July.

“Our tradable credit platform, led by Brian Good and Jim Fellows, will now manage over $5.25 billion of assets through collateralized loan obligations, separately managed accounts, a public closed-end fund and co-mingled funds,” Sam Tillinghast, co-chief executive and co-chief investment officer of THL Credit, said in a statement.

“[Credit Suisse] has been an exceptional partner throughout this process and we look forward to working with them again in the future,” commented Michael Herzig, managing director of THL Credit.

THL Credit is an alternative credit investment manager handling both direct lending and broadly syndicated investments through public and private vehicles, CLOs, separately managed accounts and co-mingled funds. The firm is headquartered in Boston, with additional offices in Chicago, Houston, Los Angeles and New York.