Brightwood Capital Advisors priced Brightwood Capital MM CLO 2023-1, a $319 million collateralized loan obligation. This CLO represents the fifth CLO issued by the firm since 2019.
Brightwood has received indications for securities rated from AAA through BB from third-party investors, including insurance companies, banks and asset managers. GreensLedge Capital Markets and RBC Capital Markets will serve as co-placement agents on the deal.
“We are pleased to see strong interest from new and existing investors looking to secure attractive yield in the increasingly competitive environment,” Arlene Shaw, managing director and treasurer at Brightwood Capital Advisors, said. “This transaction further demonstrates confidence from investors in our ability to navigate a challenging market.”
“We are excited to see robust demand for our CLO platform and to support the continued growth of the middle market,” Sengal Selassie, managing partner and CEO of Brightwood Capital Advisors, said. “We intend to expand upon our presence in this market, enabled through the support of our loyal investor base.”
