After wrapping up its Landmark III CDO less than two months ago, Aladdin Capital Manage-ment is busy in the market again, putting together its very first loan fund, which is expected to total more than $500 million.

"After receiving reverse inquiry from existing CLO clients, Aladdin has customized the structure of the fund to meet the liquidity and return objectives of investors," said Gilles Marchand, managing director and senior portfolio manager at Aladdin. He explained that the fund's formation is a response to investors looking for a leveraged fund with more liquidity than a CLO.

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