Valcour Capital Management, a hedge fund firm founded by veterans of Aladdin Capital Holdings, is making its debut as a collateralized loan obligation manager.

The firm is marketing a $250 million managed cash flow deal dubbed Crown Point CLO, Ltd., according to a presale report published today by Moody’s Investors Service. Moody’s has provisionally assigned triple-A ratings to two tranches: $83 million of Class A1La senior secured floating rate notes due 2022 and $83 million of Class A1Lb senior secured floating rate notes to 2022.

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