Warwick Capital Sees “Ample” CLO Opportunities After Debut

Warwick Capital Partners, a global special situations private equity and credit manager, sees “ample opportunity” in the collateralized loan obligation (CLO) space after executing its first transaction.

Warwick Capital CLO 1 is a $400 million US-focused broadly syndicated loan transaction which was placed by RBC Capital Markets.

The firm, which was founded in 2010 and has headquarters in London and Stamford, CT, manages approximately $2.5 billion in European, specialty, and performing credit strategies across private equity and credit.

“Given the loan market’s depth and breadth, there is ample opportunity for us to deliver not just with this launch but others in future,” said Leland Hart, portfolio manager and CIO of performing credit, who previously was co-CIO at Alcentra and, earlier, head of loans and CLO investing at BlackRock.

Alternative credit market options have increasingly attracted the attention of both institutional and private wealth investors. According to new Barclays data, one-third of investors intend to boost their allocations to credit hedge funds this year, namely long/short and distressed strategies.