Sculptor Capital Management Announces Reset of $400 Million CLO XXVI, Signaling Growth

Sculptor Resets $400 Million CLO XXVI

In an impressive display of market resilience, Sculptor Capital Management, Inc. has announced the reset of its $400 million Collateralized Loan Obligation (CLO), known as CLO XXVI (SCLO 26). This marks a significant milestone as it represents the firm's 14th CLO transaction within the year 2024, showcasing their ongoing momentum in the competitive CLO markets.

Currently, Sculptor manages an extensive global portfolio, comprising 34 CLOs and CBOs that collectively amount to approximately $13 billion across the United States and Europe. This reset signifies not only the firm's robust abilities in managing credit assets but also highlights their strategic engagement with both new and established partners in the transaction process.

Josh Eisenberger, the Managing Director and Head of U.S. CLO Management at Sculptor, expressed satisfaction with this reset, celebrating the appealing terms that were negotiated for their investors. He noted, "We are pleased to have reset SCLO 26 on attractive terms for our investors. We are excited to have been able to work with both newly formed relationships and longstanding partners in the rated and unrated notes of this transaction."

In addition, Eisenberger emphasized that throughout 2024, Sculptor adeptly took advantage of favorable market conditions to expand their CLO platform. The conclusion of 14 distinct transactions this year is a testament to their strategy and execution in a fluctuating market. Looking ahead, the firm anticipates continued growth and increased opportunities in 2025.

The deal for SCLO 26 was arranged by Citigroup Global Markets Inc. and is characterized by a two-year non-call period, coupled with a five-year reinvestment period, which enhances its attractiveness to potential investors.

The foundation of Sculptor's strong CLO business is built on a rich history of managing CLOs across multiple credit cycles, having issued a total of 44 CLOs and CBOs in the US and Europe since 2012. Thanks to its extensive experience across diverse asset classes and a collaborative partnership with its global credit investing platform, Sculptor is well-positioned to navigate the complexities of the market.

As of September 30, 2024, Sculptor manages a total of $24 billion in credit assets globally, utilizing a wide range of strategies that rely on their core skills in corporate, asset-based, and real estate credit.

About Sculptor

Sculptor is an eminent global alternative asset manager with a specialization in opportunistic investments. For more than three decades, the company has strived for consistent performance by fostering a workplace culture that encourages rapid response to market opportunities while maintaining meticulous risk management practices. Driven by a dedicated team of long-tenured professionals, Sculptor emphasizes client outcomes as its utmost priority. With a presence in major financial hubs, including New York, London, Hong Kong, and Shanghai, the firm is engaged in investment across credit, real estate, and multi-strategy platforms worldwide. As of late September 2024, Sculptor's assets under management totaled around $34 billion. For further details, please visit Sculptor's website.