Back

FAIR

0.93%
NEUTRAL

Fair Oaks Income Fund Announces New CLO Investment

Why we think this is neutral

This RNS is a general portfolio update, which does not contain any of the mandatory news types that would require a more detailed analysis. The announcement provides details on a new CLO investment made by the fund, but does not include any financial figures or performance updates that would significantly impact the sentiment.

Key Points

  • Master Fund III has invested $22.2 million in the equity notes of a new US CLO called Allegro XIX
  • The CLO's portfolio is managed by Axa Investment Management, a global investment firm with over €184 billion AUM
  • The Allegro XIX target portfolio has a principal value of $400 million across 282 unique bank loan issuers

Summary

The investment company has announced a new investment in a US CLO, providing details on the transaction and the manager of the CLO's portfolio.

Fair Oaks Income Limited has announced that its Master Fund III has entered into a binding contract to acquire $22.2 million notional of equity notes in Allegro XIX, a new CLO backed by a portfolio of US broadly syndicated senior secured loans. The manager of the CLO's portfolio is Axa Investment Management, a global investment firm with over €184 billion assets under management.

GENERAL UPDATE