Sculptor Capital Management Successfully Concludes European CLO XII at €410.1 Million

Sculptor Capital Management Closes European CLO XII

On January 16, 2025, Sculptor Capital Management, Inc. announced a significant milestone with the completion of its European Collateralized Loan Obligation (CLO) XII, named SCULE 12. This transaction amounts to an impressive €410.1 million and reflects Sculptor's robust position in the European and global lending markets. As it stands, Sculptor now manages a total of 34 CLOs and CBOs, aggregating approximately $13 billion across both the US and Europe.

A Strong Start in 2025

The closing of SCULE 12 marks not only the second CLO transaction of the year but also the very first issuance by Sculptor in 2025. This particular transaction signifies an increase in investor confidence as it secured a controlling equity position prior to closure, courtesy of Sculptor Loan Financing Partners, the firm's captive equity platform.

The success of SCULE 12 is attributed to the substantial demand from a diverse array of leading global institutions. These institutions contributed through both equity and debt tranches, highlighting the growing interest in structured finance products in the current market environment.

Adeel Shafiqullah, who heads European CLO Management at Sculptor, commented, "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."

Transaction Details

The SCULE 12 transaction was adeptly arranged by BNP Paribas, featuring a two-year non-call period accompanied by a five-year reinvestment phase. Such structures are quite strategic in nature, providing investors with the time needed to achieve desired financing goals while optimizing returns.

Notably, Sculptor has a commendable history of managing CLOs through diverse market cycles, having previously issued 45 CLOs and CBOs since 2012. With the conclusion of SCULE 12, Sculptor reaffirms its status as a leader in this competitive space. The firm capitalizes on its extensive experience across various asset classes, which allows it to adapt to market fluctuations and investor needs efficiently.

As of September 30, 2024, Sculptor oversees an impressive $24 billion in credit assets globally, encompassing a wide array of strategies that leverage its core capabilities in corporate, asset-based, and real estate credit. This robust portfolio not only reflects the firm's commitment to growth but also its strategic planning prowess in navigating complex financial landscapes.

About Sculptor

Sculptor Capital Management is recognized as a premier global alternative asset manager specializing in opportunistic investing. The firm has established a culture and operational model focused on achieving consistent outperformance while effectively managing risk. Sculptor’s dedicated team, primarily composed of long-tenured professionals, is incentivized to prioritize client outcomes.

With operational bases in New York, London, Hong Kong, and Shanghai, Sculptor invests across multiple platforms, including credit, real estate, and multi-strategy-focused investments in major geographic markets. As of the latest figures, Sculptor holds approximately $34 billion in assets under management, further solidifying its robust position in the investment management field. For more information, you can visit their official website at www.sculptor.com.