Global multi-asset investment manager PineBridge Investments announced the closing of its CLO called Galaxy XI CLO, Ltd.

The CLO, which was upsized from when it was first reported by ASR sister publication Leveraged Finance News, issued roughly $400 million of notes and closed on Aug. 18.

The CLO notes are backed by a portfolio comprising primarily senior secured loans bought on the secondary market.

This is the fourteenth CLO that the firm, which manages a total of $7.2 billion in leveraged finance as of June 20,  has brought to market.  Goldman Sachs was the placement agent for the deal.

“We are pleased to bring this CLO to market. This transaction was completed during a challenging and volatile market environment and we appreciate the confidence of our investors and look forward to serving them over the life of the transaction,” said Steven Oh, managing director and co-head at PineBridge Leveraged Finance.

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