Pinebridge joins European CLO revival

The firm has closed a €335 million vehicle, joining 3i, Carlyle and others in successfully pricing a collateralised loan obligation

US alternative asset manager Pinebridge Investments has raised its first European collateralised loan obligation fund since the crisis, as the market experiences a resurgence.

The firm has closed a €335 million CLO, it said in a statement yesterday.

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