#USA #New York #Sculptor Capital #CLO XXXIV #ICS business

Sculptor Capital Management Closes CLO XXXIV for $408 Million

Sculptor Capital Management, Inc. has recently finalized the closing of its latest collateralized loan obligation (CLO), known as Sculptor CLO XXXIV, amounting to an impressive $408 million. This significant milestone not only signifies the successful execution of this transaction but also highlights the enduring growth of Sculptor's Institutional Credit Strategies (ICS) offerings over the past year.

A Year of Success for Sculptor

In 2024, Sculptor has achieved remarkable success, marking an incredible year for its ICS business. According to Jimmy Levin, the firm's Chief Investment Officer and Executive Managing Partner, “This closing caps an incredibly successful year for our ICS business, issuing or refinancing a total of 13 CLOs.” The strong demand from investors showcases Sculptor's enduring reputation and commitment to quality investment.

With this closing, Sculptor now oversees a global portfolio comprising 34 CLOs and CBOs, which together represent approximately $13 billion in assets throughout the United States and Europe. Such a broad network underlines Sculptor’s strong presence and reliability in the competitive investment landscape.

Key Features of CLO XXXIV

Sculptor CLO XXXIV is underpinned by a fully ramped portfolio primarily composed of senior secured loans. It features a strategic two-year non-call period and a five-year reinvestment period, which offers added flexibility and potential for future growth. Additionally, the CLO transaction was arranged through JP Morgan, further reinforcing the robust financial networks that Sculptor is known to engage with.

Furthermore, a controlling equity stake in this CLO was pre-placed to Sculptor Loan Financing Partners, the firm's own captive CLO equity platform that was launched earlier in the year. This strategic move not only enhances Sculptor’s internal capabilities but also strengthens its commitment to offering tailored solutions to its investors.

Sculptor's Track Record and Global Footprint

Sculptor boasts a long history of adeptly managing CLOs across various credit cycles. Since 2012, the firm has issued a total of 44 CLOs and CBOs within both the US and European markets. This impressive track record exemplifies their effective management practices and extensive experience, which are crucial in navigating the complexities of the credit landscape.

As of September 30, 2024, Sculptor holds about $24 billion in credit assets globally, asserting its position as a leader in the investment sector. The firm maintains a holistic and diverse approach by leveraging its capabilities across corporate, asset-based, and real estate credit, thereby optimizing returns for its clients.

About Sculptor Capital Management

Established as a premier global alternative asset manager, Sculptor emphasizes strategic opportunistic investments. With over three decades of experience, the company is committed to achieving consistent outperformance by building a solid operational model and a culture focused on rigorous diligence and risk minimization. Sculptor thrives on its globally integrated team, comprising primarily home-grown talent, ensuring a deep commitment to prioritizing client outcomes.

With regional offices in major global cities including New York, London, Hong Kong, and Shanghai, Sculptor continues to expand its investment horizons across credits, real estate, and multi-strategy platforms, thereby positioning itself as a forward-thinking player in the investment arena.

For additional details about Sculptor Capital Management and its investment strategies, please visit their official website: www.sculptor.com.