By Andrei Skvarsky.
London-based debt investors Permira Debt Managers (PDM) has set the price for the Providus IV collateralised loan obligation, the fourth CLO in its Providus series, at 207.6m euros ($225.5m).
Just as the previous Providus CLOs, Providus IV has environmental, social and governance (ESG) standards among its eligibility criteria, which puts restrictions on the nature of industries in which the CLO can invest, PDM said in a statement.
The CLO project based on the Providus platform, which was launched in 2018 and marks the relaunching of PDM’s CLO strategy, “is focused on resilient and forward-looking sectors such as technology and healthcare”, the statement quoted Ariadna Stefanescu, partner and portfolio manager at PDM, as saying.
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