Hayfin resets €500m Hayfin Emerald III CLO

Hayfin today announces the reset of Hayfin Emerald III CLO (“Emerald III”), a Collateralised Loan Obligation (“CLO”), which was first issued in a €410.8m transaction in July 2019 and has now been upsized to €500m. The deal, which marks the fourth reset within the Emerald CLO series, attracted strong investor demand throughout the capital stack. The structure will invest in a diversified portfolio of European senior-secured loans and bonds.

The successful completion of this reset follows a period of strong performance for Hayfin’s European High-Yield & Syndicated Loans business which, over the last 12 months, successfully scaled its CLO business to c.€3bn assets under management and recorded top-quartile performance across its High-Yield platform.

Tim Flynn, Chief Executive Officer at Hayfin, said: “The upsizing of Emerald III caps a successful 12 months for our High-Yield and Syndicated Loans platform. It is testament to the strength and expertise of our team that they have sustained investor demand for Hayfin’s CLO products and fuelled a two-fold increase in the size of the platform over the past year.”

Jefferies acted as arranger for the transaction.


Hayfin raises in excess of €3.5bn for European direct lending strategy

February 24th 2017

Hayfin announces the successful completion of the latest fundraising process for its European direct lending strategy, attracting total commitments in excess of €3.5bn.

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