Mountain Point closes second $500M CLO as it builds structured-credit platform

What's the deal? Mountain Point CreditDealroom has a profile for this one. Try Dealroom → has closed Mountain Point CLO 2 Ltd., a $500 million US collateralised loan obligation (CLO) that invests in broadly syndicated senior secured loans. Bank of AmericaDealroom has a profile for this one. Try Dealroom → served as arranger.

Why now? The deal follows the firm's inaugural $500 million CLO, which closed in April 2026. It extends Mountain Point's systematic, data-driven approach into the structured-credit market.

What's the endgame? The firm is building a CLO platform alongside its broader investment and trading capabilities. "Closing our second CLO is a major step in establishing Mountain Point as a long-term participant in the structured credit market," said founder and chief executive officer Kelly Byrne.

How it works: Unlike traditional managers that focus on a subset of the loan market, Mountain Point's proprietary platform uses a rules-based process to evaluate the entire broadly syndicated loan market. The approach is designed to build highly diversified portfolios; its first CLO held nearly 1,000 loans.

By the numbers: Mountain Point manages nearly $3 billion in assets. It was founded by Byrne in partnership with Eagle Point Credit ManagementDealroom has a profile for this one. Try Dealroom →.

The signal: A second $500 million issuance within seven months points to steady investor demand for algorithm-driven credit strategies, as systematic managers push deeper into a corner of structured finance long dominated by discretionary players.

Read more: business.theantlersamerican.com

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