Key Takeaways
- • CVC Capital Partners priced Apidos LVI (56), a new $550 million collateralized loan obligation (CLO), marking the firm's first new CLO issuance of 2026 as of March 12.
- • The vehicle was approximately 70% ramped at pricing and features a five-year reinvestment period and two-year non-call period, with BNP Paribas serving as lead arranger.
- • CVC Credit, the $60 billion global credit management division of CVC Capital Partners, continues to establish itself as an active CLO originator in 2026, following multiple CLO issuances in prior periods.
- • The transaction demonstrates sustained institutional demand for CLO vehicles in the credit markets, with strong market appetite for the new issue.
Summary
CVC Capital Partners successfully priced Apidos LVI (56), a $550 million collateralized loan obligation, on March 12, 2026, according to announcements from the firm's credit division. The transaction represents CVC Credit's first new CLO issuance of the year and underscores the firm's continued focus on credit strategies within its broader alternative asset management platform.
The vehicle was approximately 70% ramped at pricing, indicating solid institutional investor participation. The CLO features standard structural provisions including a five-year reinvestment period, during which the portfolio manager can purchase and sell leveraged loans to optimize returns, and a two-year non-call period that protects investors from early redemption. BNP Paribas was appointed as lead arranger for the transaction, reflecting the major investment bank's ongoing role in CLO issuance infrastructure.
CVC Credit operates as the $60 billion global credit management business within CVC Capital Partners and has maintained an active issuance calendar in CLO markets. The successful pricing of Apidos LVI indicates sustained market demand for CLO vehicles from institutional investors, including hedge funds and asset managers seeking exposure to diversified portfolios of leveraged loans. The transaction execution demonstrates execution capability and market access during a period of active credit market activity in 2026.
The vehicle was approximately 70% ramped at pricing, indicating solid institutional investor participation. The CLO features standard structural provisions including a five-year reinvestment period, during which the portfolio manager can purchase and sell leveraged loans to optimize returns, and a two-year non-call period that protects investors from early redemption. BNP Paribas was appointed as lead arranger for the transaction, reflecting the major investment bank's ongoing role in CLO issuance infrastructure.
CVC Credit operates as the $60 billion global credit management business within CVC Capital Partners and has maintained an active issuance calendar in CLO markets. The successful pricing of Apidos LVI indicates sustained market demand for CLO vehicles from institutional investors, including hedge funds and asset managers seeking exposure to diversified portfolios of leveraged loans. The transaction execution demonstrates execution capability and market access during a period of active credit market activity in 2026.
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