Symetra Investment Management Closes Inaugural CLO with $408 Million

FARMINGTON, Conn.--(BUSINESS WIRE)--Symetra Investment Management Company (“SIM” or the “Firm”) today announced the closing of its inaugural Symetra CLO 2025-1, Ltd., a $408 million collateralized loan obligation (CLO) transaction. As of December 31, 2024, SIM manages approximately $79 billion in total assets.

The launch of SIM’s CLO platform is a key strategic initiative for the Firm and received strong third-party investor demand from a diverse group of leading global institutions across the rated notes.

Mark Hunt, President, CEO, and CIO of SIM, said “SIM has been focused on the CLO market for years, and we are very pleased to have issued our first CLO with strong institutional support and an excellent investment management team. We expect to be a regular issuer in the CLO market going forward.”

“We greatly appreciate the strong support of investors and other institutional partners in the successful launch of our inaugural CLO,” said Ken Yang, Senior Managing Director, Head of High Yield, Bank Loans and Structured Products. “This is a transitional time for markets where we see huge opportunities in bank loans, and we seek to construct portfolios that protect our investors through the CLO structure, from debt to equity.”

Symetra CLO 2025-1, Ltd. is backed by a portfolio of primarily senior secured loans, features a two-year non-call period and five-year reinvestment period, and was arranged by Morgan Stanley.

SIM has significant experience and expertise in corporate and structured credit. The Firm’s Senior Leadership team is highly experienced with an average of approximately 29 years of experience. The High Yield and Bank Loan team is currently comprised of 10 seasoned investment professionals and leverages the expertise and scale of SIM’s dedicated CLO tranche investing platform.

As of December 31, 2024, SIM’s liquid fixed income business manages approximately $64 billion across corporate credit, ABS/RMBS/CMBS, CLOs, US and Foreign Government Bonds, Corporate Hybrids, Cash and other Short-Term Investments. Each fixed income investment strategy is led by an experienced sector head that is supported by portfolio managers, credit analysts, traders, portfolio specialist and other quantitative analysts.

About Symetra Investment Management

Founded in 2019, SIM is a registered investment advisor with approximately 150 employees. The Firm is headquartered in Farmington, Conn., and is solely owned by Symetra Financial Corporation. As of December 31, 2024, SIM manages approximately $79 billion in assets across Investment Grade Corporate Credit, High Yield, Bank Loans, Commercial Mortgage Loans, Private Placements, Structured Credit, and Alternatives.

For more information, visit https://www.symetra.com/symetra-investment-management/.