Permira Credit announces pricing of €406.6 million CLO, Providus VI

28 October 2021

28 October 2021 - Permira Credit, one of Europe’s leading alternative credit providers, today announces the pricing of PROVIDUS CLO VI (“Providus VI”), a €406.6m Collateralized Loan Obligation (“CLO”). This marks the sixth CLO from the Permira Credit CLO management platform and continues its strong track record and growth since 2018.

Ariadna Stefanescu, Partner and Head of CLO Management at Permira Credit, said:
“We broke ground in the market last year when we priced the first post-covid era European CLO and this pricing is yet another success. The Providus platform is going from strength to strength, growing but retaining our unique identity and strategy that we know delivers through cycles. We have really developed our liquid offering at Permira Credit and are looking to continue that growth. The performance of the strategy and continued support from our investors speaks for itself.”

The Providus strategy is committed to its four pillar investment strategy focussed on a credit-led approach, active management of the portfolio, credits in resilient sectors such as tech and healthcare, and responsible investing.

Providus VI will, as with other CLOs within Permira Credit’s industry-leading CLO management strategy, contain specific ESG eligibility criteria in the documentation, which includes restrictions on the nature of industries in which the CLO can invest.

The pricing is subject to customary closing conditions. The collateral manager of Providus VI is Permira European CLO Manager LLP.

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