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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.

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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.
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