Silver Point Capital, L.P. (“Silver Point”), a leading credit-focused investor, is pleased to announce the pricing of SCF CLO I (the “CLO”), a collateralized loan obligation facility totaling $400 million. The CLO will be managed by Silver Point Specialty Credit Fund Management LLC, an affiliate of Silver Point Specialty Credit Fund, L.P., (the “Specialty Credit Fund”), a private credit fund.
SCF CLO I was oversubscribed and raised capital from a diverse base of institutional investors. The facility is primarily composed of middle market senior secured loans. GreensLedge Capital Markets LLC and Deutsche Bank Securities Inc. served as Lead Placement Agent and Co-Lead Placement Agent, respectively.
“We are pleased to announce the successful close of SCF CLO I and appreciate the strong interest in the transaction from a broad range of institutional investors. Within the Specialty Credit Fund, we have strived to source and build a well-diversified portfolio of attractive assets by leveraging our extensive experience in credit investing. We are proud of our longstanding track record in specialty lending, which dates back to 2003 at Silver Point, and we look forward to continuing to build upon that track record into the future," said Edward Mulé, Co-founder and CEO of Silver Point Capital.
Since inception, Silver Point has arranged approximately $13.5 billion in capital solutions for middle market companies and currently has approximately $5.5 billion in investible assets under its Specialty Credit Fund platform. As of August 2021, Silver Point managed approximately $15.5 billion in assets across various credit and special situations strategies.