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Winning streak continues for Aegon Asset Management’s US CLO business

 

Winning streak continues for Aegon Asset Management’s US CLO business

 

Aegon Asset Management is proud to share the latest news about a series of successes for our US collateralized loan obligation (CLO) business. The US Leveraged Loan team recently completed the USD 400 million Cedar Funding 19 new-issue CLO, which priced in December 2024 and closed in January 2025.

 

The transaction rounded out a record year for our US CLO Business in terms of capital market transactions and loan assets under management (AUM). In all, the US Leveraged Loan Team completed eight capital market transactions in 2024 totaling approximately USD 3.4 billion in AUM. These included two new-issue CLOs totaling USD 800 million, four CLO reset transactions totaling USD 1.8 billion and two CLO refinancings totaling USD 825 million.1  

 

“These successes marked a milestone year for our US Leveraged Loan Business and our partners at Transamerica,” said Jason Felderman, head of Aegon Asset Management’s Leveraged Loan team. “CLOs are a key driver in growing the firm’s leveraged finance platform and are a sign of our commitment to alternative investments.”

 

A CLO is an actively managed fund designed to invest in leveraged loans. Money is raised in the debt and equity markets to fund the purchase of leveraged loans.  

 

 1As of January 2025.  

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