THL Credit Advisors has closed THL Credit Lake Shore CLO II at $306 million.
The offering represents THL Credit’s second collateralized loan obligation that includes middle market leveraged loans. The previous offering, THL Credit Lake Shore CLO I, closed in April 2019 at $411 million.
With the completion of this deal, THL Credit and its affiliates now manage 25 CLOs, totaling approximately $13 billion in AUM.
“As one of the largest issuers of CLOs in the U.S., we are well positioned to generate attractive risk-adjusted returns for investors,” said Chris Flynn, CEO of THL Credit. “We appreciate the continued support of our investors who recognize our leading origination capabilities and expertise in both the direct lending and tradable credit investment space.”
Deutsche Bank served as lead manager, structuring agent and bookrunner.
THL Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds.
