Columbia Threadneedle Enters CLO Equity Investment Agreement with Jefferies-led Consortium
February 26 2024 - 8:00AM
Business Wire
New strategic investment agreement aims to grow
Columbia Threadneedle CLO platform
Columbia Threadneedle Investments (“Columbia Threadneedle”)
today announced that it has entered into a strategic investment
agreement to grow its CLO platform with a consortium of investors
arranged by Jefferies (“the Consortium”) that includes Columbia
Threadneedle’s parent company, Ameriprise Financial.
The Consortium will commit equity capital that will support the
issuance of multiple CLOs over the next several years. The
agreement builds on an established relationship between Jefferies
and Columbia Threadneedle’s CLO platform and will support a model
for CLO formation designed to establish Columbia Threadneedle as a
serial CLO issuer and further grow its fixed income franchise.
Columbia Threadneedle’s bank loan team manages $4 billion and
includes dedicated portfolio managers, research analysts and
traders who manage CLOs and other loan funds. The team’s investment
approach is grounded in proprietary, fundamental credit research
conducted by bank loan analysts and supported by the firm’s more
than 80 strong fixed income research team. Columbia Threadneedle
manages over $238 billion in fixed income assets across a range of
single and multi-sector strategies.
Stanton Ray, Head of U.S. Loan Platform at Columbia
Threadneedle, said, “We greatly value our relationship with
Jefferies and look forward to leveraging this agreement to grow the
CLO business and reach more investors in this important asset
class.”
About Columbia Threadneedle Investments
Columbia Threadneedle Investments is a leading global asset
manager that provides a broad range of investment strategies and
solutions for individual, institutional and corporate clients
around the world. With more than 2,500 people, including over 650
investment professionals based in North America, Europe and Asia,
we manage $637 billion of assets across developed and emerging
market equities, fixed income, asset allocation solutions and
alternatives.1
Columbia Threadneedle Investments is the global asset management
group of Ameriprise Financial, Inc. (NYSE: AMP). For more
information, please visit columbiathreadneedleus.com.
Columbia Threadneedle Investments (Columbia Threadneedle) is the
global brand name of the Columbia and Threadneedle group of
companies.
1 As of Dec. 31, 2023.
AdTrax: CTNA6411786.1
© 2024 Columbia Management Investment Advisers, LLC. All rights
reserved.
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Meghan Shields 617.835.7509
meghan.shields@columbiathreadneedle.com
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