Sculptor Capital Management Inc.

23/07/2024 | Press release | Distributed by Public on 23/07/2024 13:32

Sculptor Closes CLO XXXIII with $405 million

NEW YORK - July 23, 2024 - Sculptor Capital Management, Inc. ("Sculptor") today announced the closing of a $405 million collateralized loan obligation (CLO), Sculptor CLO XXXIII (Sculptor CLO 33), signifying continued growth of its Sculptor Institutional Credit Strategies business. With the closing of this CLO, Sculptor is currently managing 34 CLOs and CBOs totaling over $13 billion across both the US and Europe.

Sculptor CLO 33 is backed by a near-fully ramped $405 million portfolio of primarily senior secured loans as of closing and will have a five-year reinvestment period and a two-year non-call period. Sculptor CLO 33 benefited from strong investor demand from a diverse group of leading global institutions across both debt and equity tranches. This is the third CLO Sculptor has issued in 2024 as the firm continues to find compelling investment opportunities and takes advantage of current market conditions.

Sculptor has a long track record of managing CLOs through multiple credit cycles, and with the closing of Sculptor CLO 33, has issued 44 CLOs & CBOs across the US and Europe since 2012. Sculptor's CLO business benefits from its extensive experience and track record across asset classes, and embedded partnership with its global opportunistic credit businesses. Collectively, as of June 30, 2024, Sculptor manages approximately $24 billion in credit assets globally across a broad range of strategies leveraging its core capabilities in corporate, asset based, and real estate credit.

About Sculptor

Sculptor is a leading global alternative asset manager and a specialist in opportunistic investing. For 30 years, we have pursued consistent outperformance by building an operating model and culture which balances the ability to act swiftly on market opportunity with rigorous diligence that minimizes risk. Our model is driven by a global team that is predominantly home-grown, long tenured and incentivized to put client outcomes first. With offices in New York, London, Hong Kong, and Shanghai, we invest across credit, real estate and multi-strategy platforms in all major geographies. As of March 31, 2024, Sculptor had over $32 billion in assets under management. For more information, please visit our website (www.sculptor.com).

Heather Lucania
Sculptor Capital
646-826-5752
[email protected]

Jonathan Gasthalter
Gasthalter & Co
212-257-4170
[email protected]