Home

Nassau Global Credit Closes Two Collateralized Loan Obligations Totaling $868 Million

via Business Wire

Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $868 million.

  • NGC CLO 2 Ltd., which closed on April 17, 2025, is a $409 million CLO supported by a collateral pool consisting primarily of broadly syndicated senior secured loans.
  • NGC Euro CLO 5 DAC, which closed on May 2, 2025, is a €406 million CLO supported by a collateral pool consisting primarily of European broadly syndicated senior secured loans.

NGC was launched in 2023 through the combination of Angel Island Capital Management and Nassau Corporate Credit. Since 2017, the firm has issued 11 U.S. dollar-denominated CLOs, five Euro-denominated CLOs, and one opportunistic credit CLO.

NGC invests in the loan and bond markets across the U.S. and Europe, issuing CLOs, sponsoring private investment funds, and advising separately managed accounts. The team’s experienced research, portfolio management, and trading professionals work together to provide active portfolio management in evolving market conditions.

Jefferies LLC acted as the arranger and placement agent for NGC CLO 2. J.P. Morgan Securities plc acted as the arranger and placement agent for NGC Euro CLO 5.

About Nassau Global Credit

Nassau Global Credit is a multi-strategy global credit manager with $7.4 billion in assets under management1 focused on Securitized Credit, Opportunistic Credit, and Total Return Credit investment strategies. NGC is a subsidiary of Nassau Asset Management, the asset management business of Nassau Financial Group with $24.8 billion in assets under management as of March 31, 2025. NGC is headquartered in New York with offices in London and Connecticut. For more information, visit Nassau Global Credit and Nassau Financial Group.

1 As of March 31, 2025. Assets under management (AUM) for Nassau Global Credit LLC and their affiliates consists of the sum of (i) the aggregate face amount of collateral assets owned by CLOs as reported by the CLO trustees, (ii) the face amount of collateral assets in CLO warehouse facilities (if any), (iii) cash available to such CLO warehouse facilities (if any), and (iv) the fair market value of investments held by private investment funds and other clients. Please note that regulatory assets under management (as reported on Form ADV) may be calculated differently than AUM.

Contacts