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Post Advisory Group Closes Oversubscribed CLO Equity Fund
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Post Advisory Group, a leading asset manager with $17.5 billion in assets under management, has successfully completed a capital raise for the Post CLO Equity Master Fund, LP, exceeding its target by raising $146 million from investors. The Fund, which will focus on equity investments in multiple CLO transactions, saw strong participation from corporate pension funds, family offices, and high net worth individuals, alongside significant co-investment from Post Advisory Group and its employees. This initiative highlights investor confidence in CLO equity as a robust asset class.
Positive
Successfully raised $146 million for the Post CLO Equity Master Fund, exceeding the initial target of $120 million.
Strong investor interest in CLO equity, indicating confidence in its performance across various market environments.
Diverse investor base including corporate pension funds, family offices, and high net worth individuals.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Post Advisory Group, a leading multi-strategy, value-oriented asset manager specializing in sub-investment grade corporate credit with $17.5 billion of assets under management, announced it has completed the capital raise for the Post CLO Equity Master Fund, LP (the Fund), together with associated feeder funds. The Fund, which will invest its capital in the equity of multiple Post-managed CLO transactions, was oversubscribed, raising $146 million from investors and surpassing the initial target of $120 million. Mercer’s private debt business acted as a strategic partner and an anchor investor in the Fund.
“CLO equity has demonstrated strong performance over an extended period of time and through different types of market environments, which continues to drive acceptance and investor interest in the asset class,” said Jeffrey Stroll, chief investment officer for Post Advisory Group. “We are excited to add this asset class to our suite of high yield and senior loan products and appreciate the confidence that investors have placed in our differentiated approach.”
Corporate pension funds, family offices, and high net worth individuals committed to the fund, in addition to significant co-investment from Post Advisory Group and the firm’s employees.
About Post Advisory Group
Founded in 1992, Post Advisory Group is a leading multi-strategy, value-oriented asset manager specializing in global high yield and senior loans. Post manages $17.5 billion of assets (as of December 31, 2021) on behalf of institutional investors around the world, including corporate and government pension funds, insurance companies, sovereign wealth funds, foundations, and endowments, as well as high net worth individuals. Post is an individual investment team of Principal Global Investors®.
About Principal Global Investors
Principal Global Investors leads global asset management at Principal®. As a multi-investment team firm, we bring a focused perspective and offer expertise across a host of asset classes.
At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds and individual portfolios.
Principal Global Investors manages approximately $590.6 billion in assets on behalf of over 800 institutional clients located in over 80 markets as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of December 31, 2021). To find out more, visit us at principalglobal.com.
Post funds are distributed by Principal Funds Distributor, Inc.
What did Post Advisory Group announce regarding the Post CLO Equity Master Fund, LP?
Post Advisory Group announced the successful completion of a capital raise for the Post CLO Equity Master Fund, LP, raising $146 million and surpassing its initial target.
How much capital did the Post CLO Equity Master Fund raise?
The Post CLO Equity Master Fund raised $146 million from investors.
Who were the investors in the Post CLO Equity Master Fund?
Investors included corporate pension funds, family offices, high net worth individuals, and significant co-investment from Post Advisory Group and its employees.
What is the significance of CLO equity according to Post Advisory Group?
CLO equity has demonstrated strong performance across different market environments, driving acceptance and investor interest.
What is the total assets under management by Post Advisory Group?
Post Advisory Group manages approximately $17.5 billion in assets.
When was the capital raise for the Post CLO Equity Master Fund completed?
The capital raise was completed as announced in the press release dated March 30, 2022.
