Brightwood prices tenth CLO at $254M since 2019
What's the deal? Brightwood Capital AdvisorsDealroom has a profile for this one. Try Dealroom → has priced its latest collateralised loan obligation (CLO), Brightwood Capital MM CLO 2026-1, at $253.55 million. The private credit firm, which focuses on the middle market, said it drew interest for notes rated AAA through BB from insurance companies, banks, and asset managers.
Why now? The deal marks Brightwood's tenth CLO since 2019. Chief executive Sengal Selassie called the milestone a reflection of "the strength and consistency of our private credit platform."
What's the endgame? The firm said the structure gives third-party investors access to private credit through a diversified vehicle. GreensLedge Capital MarketsDealroom has a profile for this one. Try Dealroom → acted as placement agent on the deal.
The signal: "Investor demand for this transaction reflects the continued interest in private credit and the value investors see in the underlying assets," said Arlene Shaw, managing director and treasurer at Brightwood. The deal lands amid steady appetite for the asset class, with peers including SymetraDealroom has a profile for this one. Try Dealroom → recently upsizing a CLO to $459 million.
Read more: alternativecreditinvestor.com
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