FUNDRAISING NEWS | November 14, 2024
Global alternative asset manager Sculptor Capital has announced the reset and upsizing of its €450M (~$473.4M) Sculptor European CLO VII from its original €300M (~$315.6M) during its 2020 closing.
Sculptor said the move was in response to strong demand from global investors, and is seen to further expand its approximately $13B institutional credit strategies business spanning 33 CLOs and CBOs in the US and Europe.
BNP Paribas arranged the seventh-generation fund, featuring two-year non-call and five-year reinvestment periods.
Source: https://www.businesswire.com/news/home/20241114715402/en/
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