Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $868 million.
- NGC CLO 2 Ltd., which closed on April 17, 2025, is a $409 million CLO supported by a collateral pool consisting primarily of broadly syndicated senior secured loans.
- NGC Euro CLO 5 DAC, which closed on May 2, 2025, is a €406 million CLO supported by a collateral pool consisting primarily of European broadly syndicated senior secured loans.
NGC was launched in 2023 through the combination of Angel Island Capital Management and Nassau Corporate Credit. Since 2017, the firm has issued 11 U.S. dollar-denominated CLOs, five Euro-denominated CLOs, and one opportunistic credit CLO.
NGC invests in the loan and bond markets across the U.S. and Europe, issuing CLOs, sponsoring private investment funds, and advising separately managed accounts. The team’s experienced research, portfolio management, and trading professionals work together to provide active portfolio management in evolving market conditions.
Jefferies LLC acted as the arranger and placement agent for NGC CLO 2. J.P. Morgan Securities plc acted as the arranger and placement agent for NGC Euro CLO 5.