
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.
