Sculptor Capital Management Successfully Completes European CLO XII Worth €410.1 Million

Sculptor Capital Management Closes European CLO XII Worth €410.1 Million

In a noteworthy move in the financial sector, Sculptor Capital Management, Inc. has announced the successful closure of its latest venture, Sculptor European CLO XII (SCULE 12), which has amassed a significant total of €410.1 million. This transaction signifies not only a substantial influx of capital for the company but also underscores Sculptor's increasing prominence in the European financial landscape.

The successful closure of SCULE 12 is pivotal for Sculptor, as it now manages a robust portfolio of 34 CLOs (Collateralized Loan Obligations) and CBOs (Collateralized Bond Obligations), with a cumulative valuation nearing $13 billion across the United States and Europe. The initiation of SCULE 12 marks the firm's second CLO transaction and first new issuance in 2025, further accentuating its active engagement in the investment arena this year.

One notable aspect of SCULE 12's structure was the proactive placement of a controlling equity position, which was arranged with Sculptor Loan Financing Partners, the firm's in-house CLO equity platform. This strategy not only ensures a strong foundation for investor confidence but showcases Sculptor's effective internal alignment with its lending partners.

Adeel Shafiqullah, the Head of European CLO Management at Sculptor, expressed satisfaction regarding the completion of SCULE 12, stating, "We are pleased to have successfully closed SCULE 12 and further expand our European CLO platform. We are grateful for the support we received from both new and existing investors as we continue to broaden our investor base." This statement reflects the firm's commitment to engaging a diverse group of investors, which was evident through the strong demand received from various prominent global institutions for both equity and debt portions of the CLO.

The arrangement of SCULE 12 was facilitated by BNP Paribas, reinforcing the collaboration between leading financial institutions to bolster capital flows within Europe. Furthermore, SCULE 12 features a two-year non-call period alongside a five-year reinvestment phase, designed to enhance financial flexibility and strategic investment opportunities.

Sculptor Capital Management boasts an impressive track record of managing CLOs through various credit cycles, having issued a total of 45 CLOs and CBOs globally since 2012. This extensive experience positions Sculptor favorably in capturing opportunities across various asset classes. As of September 30, 2024, the firm's total management of credit assets soared to $24 billion worldwide, emphasizing its deep-rooted expertise in navigating credit markets effectively.

About Sculptor, it’s recognized as a prominent global alternative asset manager that specializes in opportunistic investing. Boasting over three decades of experience, Sculptor's operational model intertwines the agility to pursue market opportunities swiftly while maintaining rigorous research and risk management practices. The firm employs a robust team characterized by long tenure and a client-first mentality, ensuring that investor outcomes remain paramount.

Sculptor operates internationally with offices located in major financial hubs such as New York, London, Hong Kong, and Shanghai. Its diversified investment strategies encompass credit, real estate, and multi-strategy platforms, making it a formidable player in the global finance landscape. With approximately $34 billion in assets under management as of late September 2024, the firm is poised for further expansion and innovation in the asset management sector.

To learn more about Sculptor Capital Management, please visit their official website at www.sculptor.com.