Both Par Four Investment Management and Cutwater Asset Management are stepping onto the collateralized loan obligation scene; Par Four with its first CLO of the year and Cutwater with its first in company history, according to presale reports from Moody’s Investors Service.

Par Four is preparing its third CLO, the $450 million Tralee CLO III.   The deal is backed by a broadly syndicated loan portfolio consisting of only corporate debt, with a minimum of 90% first-lien senior secured loans and eligible investment.

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