DJIA51786.72 -197.26
S&P 5007568.92 27.52
NASDAQ25372.01 207.65
Russell 20002812.45 -0.02
German DAX25864.62 -118.25
FTSE 10010638.43 -122.90
CAC 408020.31 -27.38
EuroStoxx 506138.55 -40.30
Nikkei 22563081.86 -208.25
Hang Seng23525.97 132.65
Shanghai Comp3608.10 -29.93
KOSPI5648.79 -210.29
Bloomberg Comm IDX137.09 -0.95
WTI Crude-fut117.70 0.00
Brent Crude-fut96.71 0.50
Natural Gas3.39 0.03
Gasoline-fut2.95 0.05
Gold-fut3940.10 -13.30
Silver-fut49.81 -0.84
Platinum-fut1419.80 -30.20
Palladium-fut932.50 -29.50
Copper-fut6.40 -0.14
Aluminum-spot2995.00 0.00
Coffee-fut284.05 -10.10
Soybeans-fut1213.00 -3.00
Wheat-fut598.00 -8.00
Bitcoin77795.64 781.62
Ethereum USD2286.02 32.50
Litecoin54.53 0.49
Dogecoin0.08 0.00
EUR/USD1.1203 0.0041
USD/JPY157.82 0.36
GBP/USD1.3419 0.0028
USD/CHF0.8186 -0.0054
USD IDX101.88 0.15
US 10-Yr TR4.903 -0.047
GER 10-Yr TR3.3286 0.0179
UK 10-Yr TR5.2476 -0.0178
JAP 10-Yr TR2.791 0.018
Fed Funds4 0
SOFR3.95 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Direct Investment  + CLOs  |  May 26, 2026
Mountain Point Prices $500M Algorithm-Driven CLO
Joe Palmisano
By: Joe Palmisano

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.

Connect

Inside The Story

Mountain Point Credit Management LLC

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints