Abry Partners, a Boston-based private equity and credit firm, priced its fifth collateralized loan obligation (CLO), Abry Liquid Credit CLO 2026-5 (ALC CLO 2026-5). The transaction, with a total issuance of $405 million, is the firm’s third pricing in 2026 and brings Abry’s total CLO platform assets under management to over $2 billion, marking continued growth and execution of its liquid credit strategy. ALC CLO 2026-5 is intended to be EU/UK Risk Retention compliant.
“With five primary issuances in under a year, we have quickly built a recognized, scaled CLO platform that has attracted a diverse range of investors, during various market conditions,” Jonathan Barry, head of CLO structuring at Abry, said. “Reaching $2 billion in platform AUM and 50 unique investors are meaningful milestones that reflect the confidence our investors place in both our team and our strategy. Despite pricing this transaction in a challenging and volatile environment, we maintained a competitive weighted average cost of capital, which is a testament to our disciplined, programmatic approach.”
Key ALC CLO 2026-5 Terms
- $75 million Class A-1 Notes, AAA, 38%, S+127
- $173 million Class A-1 Loans, AAA, 38%, S+127
- $16 million Class A-2 Notes, jAAA, 34%, S+150
- $40 million Class B Notes, AA, 24%, S+160
- $24 million Class C Notes, A, 18%, S+185
- $24 million Class D-1 Notes, BBB-, 12%, S+280
- $4 million Class D-2 Notes, jBBB-, 11%, S+430
- $12 million Class E Notes, BB-, 8%, S+540
