NewStar Financial $505 million New Star Berkeley CLO

30/11/2016

CLO

Value:

$ 505 million

Status:

Completed

Date:

30/11/2016

Overview:

NewStar Financial has closed its Berkeley Fund CLO at $505 million.
The middle market fund was open to qualified institutional investors.
There is a four year re-investment period for the CLO.
Citigroup Global Markets was placement agent and sole bookrunner.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

CLO

Practice area:

Capital markets : Structured finance and securitisation

Governing law:

United States

Industry sector:

Financial services

Firm:

Dechert

Party: New Star Financial (Fund manager)

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