AXA IM Alts closes Allegro XVI, with $450 million
- 07 May 2024
AXA IM Alts, a global leader in alternative investments with over €183 billion of assets under management1 , announces the close of a $450 million US collateralised loan obligation (‘CLO’), known as Allegro CLO XVI, Ltd (‘Allegro XVI’). Allegro XVI closed on the 11th of April.
The transaction was oversubscribed, driven by strong appetite from a diversified pool of more than 20 investors across the capital structure (including at the equity level), both repeat and new US, European and Asian investors to the platform.
For more than 20 years, AXA IM Alts 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.
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About AXA IM Alts
AXA IM Alts is a global leader in alternative investments with €183 billion of assets under management1
comprising c.€84 billion of primarily private real estate, €88 billion of private debt and alternative credit, as well as c.€11 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with over €129 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 840+ people located in 15 offices around the world and serves the needs of more than 600 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe2
, and one of the largest worldwide.
About AXA Investment Managers
AXA Investment Managers (AXA IM) is a leading global asset manager offering a diverse range of global investment opportunities in both alternative and traditional asset classes. Through our products we aim to diversify and grow portfolios, while delivering long-term investment performance and value for clients.
AXA IM manages approximately €844 billion in assets, of which €480 billion are categorised ESG-integrated, sustainable or impact as at the end of December 2023. We are committed to reaching net zero greenhouse gas emissions by 2050 across all eligible assets, and to integrating ESG principles across our business, from stock selection to our corporate actions and culture.
Part of the AXA Group, a worldwide leader in insurance and asset management, AXA IM employed over 2,800 employees and operates from 23 offices in 18 countries globally at end of December 2023
Visit our websites https://alts.axa-im.com and www.axa-im.com
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Disclaimer
Capital at risk. The value of investments may fall as well as rise and you may not get back the full amount invested.
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In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.