Fortress prices third European CLO, raising €406M
What's the deal? Fortress Investment GroupDealroom has a profile for this one. Try Dealroom → has priced Fortress Credit Europe BSL 2026-3 DACDealroom has a profile for this one. Try Dealroom →, its third European Collateralized Loan Obligation (CLO), raising €406 million to invest in loan securities. The vehicle is managed by Fortress affiliates and primarily holds senior secured, first lien, broadly syndicated loans, diversified by issuer geography and industry sector.
Why now? The deal continues a steady cadence for Fortress in European performing credit. It launched the platform with a €450 million CLO in November 2024, followed by a €408 million vehicle in July 2025.
What's the endgame? Fortress is scaling a European credit franchise. BSL 2026-3's reinvestment period runs until April 2031, giving the firm room to rotate collateral over five years.
"The pricing of our third European CLO reflects the momentum we've built in the European performing credit market and the depth of investor confidence in our platform," said Niccolò Biancheri, head of European corporate credit. Managing director Regang Ou added that the firm "again saw strong demand for this transaction."
The signal: Fortress, founded in 1998, manages $54 billion in assets and has issued roughly $41.5 billion of CLOs since 2004 across dollar- and euro-denominated deals. A third European transaction in under two years signals a firm building out a lasting presence in the region's credit markets.
Read more: FinanzNachrichten
