GoldenTree gets $600 million commitments for GoldenTree Loan Management

By Tali Rackner

Norfolk, Va., Jan. 10 – GoldenTree Asset Management LP closed on $600 million of commitments for GoldenTree Loan Management after being oversubscribed, according to a press release.

GoldenTree Loan Management is a vehicle established to invest in and manage collateralized loan obligations that are intended to be compliant with U.S. and European Risk Retention regulations, the firm said. While the vehicle was created to address the global regulatory landscape, GoldenTree believes it will also improve the execution of CLOs, by significantly boosting returns for the equity held by GoldenTree Loan Management.

GoldenTree Loan Management will seek to invest in the equity and junior mezzanine tranches of the CLOs it manages.

“We are excited to have created an improved structure for investing in the CLO market that we believe can provide enhanced returns,” managing partner and chief investment officer Steve Tananbaum said in the release.

“GoldenTree’s CLOs have delivered attractive returns since the inception of the firm over 15 years ago. We look forward to continuing to deliver top tier performance in CLOs through this vehicle.”

GoldenTree is a New York City-based private investment firm.

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