GoldenTree Asset Management Raises $1.3 Billion for CLO Market
By
Giorgio Rossi
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
GoldenTree Asset Management, a New York-based credit specialist founded by Steve Tananbaum, has successfully raised $1.3 billion for investing in first-loss equity tranches of collateralized loan obligations (CLOs). The fund, which exceeded its initial target of $1 billion, will focus on the riskiest slice of GoldenTree’s CLOs and is expected to deliver mid- to high-teen net returns. This move taps into the increasing demand for higher-risk products, reflecting the confidence in the potential of such investments. The achievement showcases the strong positioning and expertise of GoldenTree Asset Management in strategically capitalizing on market opportunities.