DFG has now closed five new-issue CLO transactions and two CLO refinancings.
NEW YORK, January 03, 2017 – DFG Investment Advisers, Inc. (“DFG”), an alternative credit asset management firm based in New York, announced the successful closing of its fifth CLO transaction, Vibrant CLO V, Ltd. The $458 million CLO was arranged by BNP Paribas and closed on December 22, 2016. Notably, the transaction was upsized from its original $409 million target due to strong investor demand.
In addition, DFG completed a $323 million refinancing for Vibrant CLO III, Ltd., the firm’s third CLO transaction. The transaction, which was also arranged by BNP Paribas and closed on December 20, 2016, led to a reduction in the CLO’s weighted average cost of debt.
Managing Director Roberta Goss said: “We are pleased with the strong reception Vibrant V received in the market and believe the performance of our platform is beginning to resonate.”
Volkan Kurtas, DFG’s Founder, added: “We believe the successful closing of two new-issue CLOs and one refinancing in 2016 is a testament to our team’s capabilities and performance. We are well-positioned to continue to perform and grow our business in the risk retention era.”
With the closing of Vibrant CLO V, Ltd., DFG’s leveraged loan assets under management reached $1.9 billion.
About DFG Investment Advisers, Inc.
DFG is a New York-based asset management firm focused on alternative credit strategies. As of December 31, 2016, the firm managed nearly $2.9 billion in corporate and structured credit assets via commingled funds, separate accounts and collateralized loan obligations (CLO) vehicles.
DFG Investment Advisers, Inc.