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Direct Investment  + CLOs  | 
Mountain Point Prices $500M Algorithm-Driven CLO

Mountain Point Prices $500M Algorithm-Driven CLO

Mountain Point Credit Management has closed Mountain Point CLO 1 Ltd, a $500 million U.S. collateralized loan obligation, marking the firm’s entry into the CLO market with a highly diversified approach to structured credit.

Arranged by Bank of America, the transaction invests in a portfolio of nearly 1,000 broadly syndicated senior secured loans, offering exposure to a broader borrower base than traditional CLO structures. The deal saw strong investor demand across the capital stack, with the AAA tranche pricing at SOFR +123 basis points.

“Our strategy applies an algorithm-driven process to portfolio construction, with the goal of delivering consistent results and reducing bias,” said Kelly Byrne, Founder and CEO of Mountain Point. The approach is designed to enhance diversification while maintaining disciplined credit selection.

Founded by Byrne in partnership with Eagle Point Credit Management, Mountain Point manages nearly $2 billion in assets.

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Mountain Point Credit Management LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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