Silver Point Finance Completes $398 Million CLO Financing for Specialty Credit Fund II, L.P.
Greenwich, CT, April 3rd, 2023 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., a leading global credit-focused investment manager, is pleased to announce the closing of SCF CLO II, a $398 million collateralized loan obligation (“CLO”). This is the second middle market CLO issued by Silver Point Finance. The CLO will be managed by Silver Point Specialty Credit Fund II Management LLC, an affiliate of Silver Point Specialty Credit Fund II, L.P., a private credit fund.
SCF CLO II was oversubscribed and raised capital from a diverse base of institutional investors. The CLO is primarily composed of middle market senior secured loans. Deutsche Bank Securities Inc. and GreensLedge Capital Markets LLC served as Lead Placement Agent and Co-Lead Placement Agent.
“We are pleased to announce a successful close of our second middle market CLO financing vehicle, SCF CLO II. We appreciate the continued interest and support from institutional investors, particularly in light of current market conditions,” said Edward Mulé, Co-founder and CEO of Silver Point Capital.
Anthony DiNello, Head of Lending at Silver Point Finance added, “We continue to believe that the opportunity set in middle market lending is attractive, as we believe there will be an increasing demand from borrowers looking for a solution in the private credit markets, and are excited about the prospect of being a partner and provider of capital to companies through our Specialty Credit Funds.”
As of February 2023, Silver Point Finance has arranged approximately $19.0 billion in direct loans to middle market companies and currently has approximately ~$11 billion in investible assets under its Specialty Credit Fund platform.
About Silver Point Capital
Silver Point Capital, L.P. is a registered investment adviser that focuses on global credit investing. Founded in 2002 by Edward A. Mulé and Robert J. O’Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets. Silver Point’s business model seeks to capture synergies across its platform, build comparative advantages in every area of the Firm, hire and train exceptional people, and establish a culture of teamwork. As of January 2023, Silver Point Capital has over 270 employees, including approximately 90 investment professionals, and over $22 billion in investible assets.