KCAP Financial's Trimaran Advisors prices $468 million CLO fund

By Toni Weeks

San Luis Obispo, Calif., April 2 - KCAP Financial, Inc. announced that its wholly owned portfolio company, Trimaran Advisors, LLC, has priced Catamaran CLO 2014-1 Ltd., a $468 million Collateralized Loan Obligation fund.

KCAP Financial will invest about $12.5 million across certain junior tranches of notes issued by the fund, according to a press release.

The fund is the third CLO fund brought to market by investment manager Trimaran since its acquisition by KCAP in February 2012, the release noted.

New York City-based KCAP Financial's portfolio companies, Katonah Debt Advisors and Trimaran Advisors, manage CLO funds that invest in broadly syndicated loans, high-yield bonds and other credit instruments.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.