Press Release

AXA IM Alts closes 14th CLO in the US


AXA IM Alts, a global leader in alternative investments with c. €163 billion1 of assets under management, announces that it has held a successful close of an approximate $509 million collateralized loan obligation (CLO), known as Allegro CLO XIV. This is AXA IM Alts’ 14th CLO deal in the United States and follows the successful close of Allegro XIII2 in June of this year.

Allegro XIV closed in September, following a successful pricing in August and having seen strong traction from investors in the United States, Europe and Asia. The non-call period for the transaction is two years, with a five-year reinvestment period.

Yannick Le Serviget, Global Head of Leveraged Loans and Private Debt at AXA IM Alts commented: “We are pleased to announce the successful close of another US CLO – Allegro XIV, following a short and selective ramp period, which began in June, and successful equity placement. As we look ahead to the end of the year, we remain positive on the outlook for the US economy and see the primary market for CLOs remaining robust.”

The Allegro XIV CLO is managed by AXA IM Alts’ Structured Finance team, which manages close to €52 billion ($61 billion) in global assets across the non-traditional credit spectrum.3

For more than 20 years4 , AXA IM Alts Structured Finance has provided bespoke solutions and investments in alternative credit and structured finance for large investors. It originates opportunities across the alternative credit spectrum aiming to provide clients with opportunities for sourcing, diversification and spread pick-up.

- ENDS -

  • U291cmNlOiBBWEEgSU0gQWx0cyB1bmF1ZGl0ZWQgZGF0YSwgYXMgb2YgMzB0aCBKdW5lIDIwMjE=
  • QWxsZWdybyBYSUlJIGNsb3NlZCBvbiAyOCBKdW5lIDIwMjE=
  • U291cmNlOiBBWEEgSU0gQWx0cyB1bmF1ZGl0ZWQgZGF0YSwgYXMgb2YgMzB0aCBKdW5lIDIwMjE=
  • U291cmNlOiBBWEEgSU0gQWx0cyB1bmF1ZGl0ZWQgZGF0YQ==

About AXA IM Alts
AXA IM Alts is a global leader in alternative investments with €163 billion of assets under management5 comprising c.€78 billion of primarily private real estate, c.€74 billion of private debt and alternative credit, as well as c.€11 billion in Infrastructure, private equity and hedge funds. We take a 360° approach to real assets (real estate & infrastructure) investing with c. €110 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs over 750 people located in 16 offices around the world and serves the needs of more than 350 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe6 , and one of the largest worldwide. 

About AXA Investment Managers
AXA Investment Managers (AXA IM) is a responsible asset manager, actively investing for the long-term to help its clients, its people and the world to prosper. Our high conviction approach enables us to uncover what we believe to be the best global investment opportunities across alternative and traditional asset classes, managing approximately €866 billion in assets as at the end of June 2021. AXA IM is a leading investor in green, social and sustainable markets, managing €568 billion of ESG-integrated, sustainable and impact assets as at the end of June 2021. We are committed to reaching net zero greenhouse gas emissions by 2050 across all our assets, and integrating ESG principles into our business, from stock selection to our corporate actions and culture. Our goal is to provide clients with a true value responsible investment solution, while driving meaningful change for society and the environment. AXA IM employs over 2,440 employees around the world, operates out of 27 offices across 20 countries and is part of the AXA Group, a worldwide leader in insurance and asset management.

Visit our websites https://alts.axa-im.com and www.axa-im.com
Follow us on Twitter @AXAIMAlts and @AXAIM

  • U291cmNlOiBBWEEgSU0gZGF0YSAodW5hdWRpdGVkKS4gQWxsIGZpZ3VyZXMgYXMgb2YgMzAgSnVuZSAyMDIx
  • U291cmNlOiBJTlJFViBGdW5kIE1hbmFnZXIgU3VydmV5LCBKdW5lIDIwMjEuICMxIGxhcmdlc3QgRXVyb3BlYW4gbWFuYWdlcnMgaW4gdG90YWwgcmVhbCBlc3RhdGUgYXNzZXRzIHVuZGVyIG1hbmFnZW1lbnQ=
AXA IM Alts closes 14th CLO in the US
Download report (282.62 KB)

    Disclaimer

    This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and statement does not entail any liability for any company with the AXA IM group that does not manage the fund, and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.
    This promotional communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
    Before making an investment, investors should read the relevant Prospectus and the Key Investor Information Document / scheme documents, which provide full product details including investment charges and risks. The information contained herein is not a substitute for those documents or for professional external advice.
    The products or strategies discussed in this document may not be registered nor available in your jurisdiction. Please check the countries of registration with the asset manager, or on the web site https://www.axa-im.com/en/registration-map, where a fund registration map is available. In particular units of the funds may not be offered, sold or delivered to U.S. Persons within the meaning of Regulation S of the U.S. Securities Act of 1933. The tax treatment relating to the holding, acquisition or disposal of shares or units in the fund depends on each investor’s tax status or treatment and may be subject to change. Any potential investor is strongly encouraged to seek advice from its own tax advisors.
    Past performance is not a guide to current or future performance, and any performance or return data displayed does not take into account commissions and costs incurred when issuing or redeeming units. References to league tables and awards are not an indicator of future performance or places in league tables or awards and should not be construed as an endorsement of any AXA IM company or their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are based. The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested. Exchange-rate fluctuations may also affect the value of their investment.  Due to this and the initial charge that is usually made, an investment is not usually suitable as a short term holding.

    Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ. In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.