Eldridge Prices First U.S. CLO of 2025

NEW YORK--(BUSINESS WIRE)--Eldridge, an asset management and insurance holding company with approximately $70 billion in assets under management, today announced that its asset management division, Eldridge Capital Management, has priced Eldridge CLO 2025-1, a $500 million collateralized loan obligation (“CLO”). J.P. Morgan acted as lead arranger.

This CLO marks Eldridge’s first U.S. issuance in the broadly syndicated loan (“BSL”) market. Tarek Barbar and Andrew Ward will serve as co-portfolio managers with John Passaglia leading capital markets.

"We are proud to have completed the pricing of our first CLO under the Eldridge platform," said Andrew Ward. "We believe our extensive experience managing CLOs across different market environments and credit cycles can allow our team to bring a disciplined approach and deep industry knowledge to the investment process. This latest issuance reflects our ability to deliver valuable solutions to investors while continuing to grow Eldridge’s CLO platform.”

“CLO management has always been a core piece of our investing strategy, and an area we believe we are uniquely equipped to deliver robust value to our investors,” said Tarek Barbar. “With strong execution and interest from a diverse group of institutional investors, we feel this pricing is a testament to the strength of our platform as we continue to build on our success in this space.”

The launch of this BSL CLO complements Eldridge’s middle-market CLO and equipment-backed ABS capabilities, as well as its strong record of delivering value to investors through multiple credit cycles. Including Eldridge CLO 2025-1, Eldridge and its subsidiaries have issued over $16 billion across structured credit –16 middle-market CLOs, totaling $6.8 billion, and 14 ABS transactions, totaling $8.8 billion – further underscoring the firm’s experience within this landscape.

About Eldridge

Eldridge is an asset management and insurance holding company with approximately $70 billion in assets under management that consists of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies – diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit www.eldridge.com.