Beach Point Resets $400M Sandstone Peak II CLO
Beach Point CLO Management LLC, an affiliate of Beach Point Capital Management LP, announced the successful reset of Sandstone Peak II Ltd., the firm’s second collateralized loan obligation (CLO), with a revised target par of $400 million.
As part of the reset, the CLO’s reinvestment period has been extended to July 20, 2030, with a two-year non-call period extended to July 20, 2027, enhancing flexibility and extending the vehicle’s investment horizon.
“In today’s evolving market, we believe CLOs offer attractive opportunities, particularly for those investors who prioritize credit selection and risk management,” said Sinjin Bowron, Beach Point Portfolio Manager and Head of Liquid Credit. “We are committed to leveraging the increased structural efficiency of Sandstone Peak II as we aim to further enhance value and performance across our CLO platform.”
Beach Point currently manages three CLOs totaling over $1.25 billion, and has been an active participant in the leveraged loan market since its founding in 2009. As of June 30, 2025, the firm oversees approximately $19.9 billion in assets under management on behalf of a predominantly institutional investor base.
Headquartered in Santa Monica, CA, Beach Point maintains additional offices in New York, London, and Dublin.