Key Takeaways
- • Mountain Point Credit Management closed a $500m (£371m) new-issue U.S. collateralised loan obligation, Mountain Point CLO 2, according to Alternative Credit Investor.
- • The $3bn credit manager's CLO 2 invests in a portfolio of broadly syndicated senior secured loans.
- • Bank of America acted as arranger for the transaction.
- • The deal follows the inaugural $500m Mountain Point CLO 1, which closed in April, signaling a repeat issuance pattern for the firm.
- • Founder and CEO Kelly Byrne framed the closing as a step toward establishing Mountain Point as a long-term participant in the structured credit market.
Summary
Mountain Point Credit Management has closed a $500m (£371m) new-issue U.S. collateralised loan obligation (CLO), according to Alternative Credit Investor. The vehicle, Mountain Point CLO 2, invests in a portfolio of broadly syndicated senior secured loans. The $3bn credit manager announced the closing on November 5, 2026.
Bank of America acted as arranger for the transaction. The deal follows the firm's inaugural $500m vehicle, Mountain Point CLO 1, which closed in April, and gives Mountain Point a second consecutive CLO of identical size in the U.S. market.
Founder and chief executive Kelly Byrne described the closing as "a major step in establishing Mountain Point as a long-term participant in the structured credit market." Byrne said the firm built its platform around the belief that a more comprehensive, systematic view of the loan market can create meaningful advantages in portfolio construction, and that the transaction allows the firm to continue applying that philosophy while expanding its relationships with investors across the CLO market.
The article does not disclose the tranche structure, pricing, or the investor composition of the notes.
Bank of America acted as arranger for the transaction. The deal follows the firm's inaugural $500m vehicle, Mountain Point CLO 1, which closed in April, and gives Mountain Point a second consecutive CLO of identical size in the U.S. market.
Founder and chief executive Kelly Byrne described the closing as "a major step in establishing Mountain Point as a long-term participant in the structured credit market." Byrne said the firm built its platform around the belief that a more comprehensive, systematic view of the loan market can create meaningful advantages in portfolio construction, and that the transaction allows the firm to continue applying that philosophy while expanding its relationships with investors across the CLO market.
The article does not disclose the tranche structure, pricing, or the investor composition of the notes.
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