Brightwood Capital Advisors Prices $155 Million Middle Market CLO
Brightwood Capital Advisors, LLC, a private credit firm, announced that it has priced Brightwood Capital MM CLO 2024-1 Ltd., a $155 million collateralized loan obligation ("CLO"). This CLO, which represents Brightwood's sixth issuance since 2019, is a testament to the robustness of the firm's MM CLO platform, as well as growing investor interest in the asset class.
Brightwood has indications for AAA securities from third-party investors. BMO Capital Markets Corp served as arranger on the deal.
"As we continue to invest in the growth of our CLO platform, we're pleased to see increased interest and demand for the asset class from investors," said Arlene Shaw, Managing Director and Treasurer at Brightwood. "We look forward to continuing to deepen our expertise and commitment in this market, with the support of new and existing investors."
"We are excited to strengthen our presence in the middle market through this latest pricing," added Sengal Selassie, Chief Executive Officer and Managing Partner of Brightwood. "As private credit continues to take center stage in 2024, we are focused on scaling our business and offerings to meet investor needs. We look forward to the continued growth and success of our CLO platform for many years to come."
About Brightwood Capital Advisors
Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.
Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.
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