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GoldenTree closes $1.3 billion commitments for GLM III CLO
By Marisa Wong
Los Angeles, April 1 – GoldenTree Asset Management announced the closing of $1.3 billion of commitments on its third CLO strategy (GLM III), according to a press release.
GLM III is a continuation of the GoldenTree Loan Management (GLM) program that began in 2016, bringing aggregate commitments across the entire GLM program (i.e., GLM I, II and III) to over $2.625 billion.
GLM III surpassed its target of $1 billion and reached the fund’s effective hard cap.
Investors included public and corporate pensions, sovereign funds, foundations, insurance companies, family offices and RIAs across the United States, Europe, Asia and the Middle East.
GLM III issued its first CLO, GLM US CLO 19, in January.
GoldenTree is a global asset management firm based in New York.
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