Och-Ziff Closes First European CLO Totaling ?413 million
(Thomson Reuters ONE) -
NEW YORK, Dec. 15, 2016 (GLOBE NEWSWIRE) -- Och-Ziff Capital Management Group
LLC (NYSE:OZM) today announced the closing of its first European collateralized
loan obligation (CLO) transaction, OZLME B.V., totaling approximately ?413
million. The CLO, arranged by Bank of America Merrill Lynch, will be managed
through Och-Ziff's affiliate, Och-Ziff Europe Loan Management Limited, and will
invest predominantly in broadly syndicated senior secured loans.
"We are very pleased to announce the closing of our first European CLO," said
Adeel Shafiqullah, Managing Director and Senior Portfolio Manager of
Institutional Credit Strategies in Europe. He added, "We have a deep,
experienced team of credit investment professionals in Europe with significant
and broad expertise investing and managing CLO portfolios. This closing is an
important milestone in the development of our Institutional Credit Strategies
platform in the region."
Institutional Credit Strategies (ICS) is Och-Ziff's asset management platform
that invests in performing credits, including leveraged loans, high-yield bonds,
private credit/bespoke financing and investment grade credit via CLOs and other
customized solutions for clients. Since the inception of the platform in May
2012, ICS has issued 14 CLOs totaling approximately $7.6 billion.
About Och-Ziff
Och-Ziff is one of the largest institutional alternative asset managers in the
world, with offices in New York, London, Hong Kong, Mumbai, Beijing, Dubai,
Shanghai and Houston. Och-Ziff provides asset management services to investors
globally through its multi-strategy funds, dedicated credit funds, including
opportunistic credit funds and Institutional Credit Strategies products, real
estate funds and other alternative investment vehicles. Och-Ziff seeks to
generate consistent, positive, absolute returns across market cycles, with low
volatility compared to the broader markets, and with an emphasis on preservation
of capital. Och-Ziff's funds invest across multiple strategies and geographies,
consistent with the investment objectives of each fund. The global investment
strategies Och-Ziff employs include convertible and derivative arbitrage,
corporate credit, long/short equity special situations, merger arbitrage,
private investments, real estate and structured credit. As of December 1, 2016,
Och-Ziff had approximately $37.1 billion in assets under management. For more
information, please visit Och-Ziff's website (www.ozcap.com).
Investor Relations Contact
Tina Madon
+1-212-719-7381
tina.madon(at)ozcap.com
Media Relations Contact
Joe Snodgrass
+1-212-887-4821
joseph.snodgrass(at)ozcap.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Och-Ziff Capital Management Group LLC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2016 - 13:43 Uhr
Sprache: Deutsch
News-ID 513178
Anzahl Zeichen: 3374
contact information:
Town:
New York
Kategorie:
Business News
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"Och-Ziff Closes First European CLO Totaling ?413 million"
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