Sculptor Closes on $300 Million New Issue Collateralized Loan Obligation

NEW YORK, July 10, 2023 - Sculptor Capital Management, Inc. (NYSE: SCU) (“Sculptor”) today announced the closing of Sculptor CLO XXXI, LLC (“CLO XXXI”), a $300 million U.S. new issue Collateralized Loan Obligation (“CLO”) backed by broadly syndicated loans. Sculptor’s CLO platform, which launched in 2012, is a top 25 manager as ranked by Creditflux as of March 31, 2023 and covers both CLOs in the U.S. and Europe*. As of June 1, 2023, the platform manages 39 CLOs and oversees $14.6 billion in assets under management.

CLO XXXI was structured with the intent to comply with EU Risk Retention rules and Article 7 reporting, making it the first U.S. CLO on the platform to do so since 2017 and allowing for a broader investor base. The transaction includes a 1-year non-call period and 3-year reinvestment period. 

Josh Eisenberger, Managing Director and Head of U.S. CLO Management said, “We are pleased to have been able to close this CLO in a market that has been rather challenging for new issue CLO creation. We continue to believe that our proven research driven, bottom-up investment process, and fundamental approach to credit selection, with a discerning eye toward credit specific inflationary and interest rate pressures will enable us to deliver strong risk-adjusted returns to our investors in this otherwise uncertain environment.” 

“Continuing our history as a solutions provider we are pleased to have structured this transaction to be EU Risk Retention compliant,” added Michael Lin, Head of U.S. CLO Structuring and Origination. “As is evidenced by this deal, we continually strive to deliver creative and differentiated structural features that help our partners achieve optimal outcomes against a backdrop of ever-changing market conditions.”

About Sculptor Capital Management

Sculptor is a leading global alternative asset manager and a specialist in opportunistic investing. For over 25 years, we have pursued consistent outperformance by building an operating model and culture which balance 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 July 1, 2023, Sculptor had over $34 billion in assets under management.