- Announcement follows pricing of Permira Credit’s second US CLO, Menlo CLO II, last month
- Global CLO management AUM for Permira Credit to reach over €5.4bn upon closing
- Global Permira Credit AUM over €17bn today
London – 19 May 2025- Permira Credit, a leading specialist credit investor, today announces the pricing of PROVIDUS CLO XII (“Providus XII”), a €403.5 million European collateralised loan obligation transaction (“CLO”).
This marks the 12th CLO from the firm’s European CLO management platform, Providus, and follows the pricing of Permira Credit’s second US CLO, Menlo CLO II, last month at $404 million.
The total AUM for Permira’s global CLO management platform will reach over €5.4bn upon closing of this transaction.
Ariadna Stefanescu, Co-Head of Permira Credit and Head of Liquid Credit, said: “We are pleased to announce the pricing of Providus CLO XII, our twelfth European CLO and the fourth new issue from the global CLO platform in just six months. This continued momentum reflects the strength of our investment strategy, in particular during periods of significant market volatility, as well as the deep experience of our team and the enduring support of our global investor base. We remain focused on delivering strong, risk-adjusted returns for our investors and are excited about the opportunities ahead.”
Permira Credit is a well-established global CLO manager, having managed its European CLO platform, Providus, since 2018 – pricing 12 transactions during that time – and following the launch of its US CLO platform, Menlo, in 2024. Permira Credit’s global CLO management platform has a proven track-record of investing through periods of significant market volatility, demonstrated by both the pricing of Providus CLO VII in June 2022 and that of Menlo CLO II in April 2025. This track record is supported by the platform’s consistent and defensive investment strategy focused on a credit-led approach; resilient portfolio construction in sectors such as technology, healthcare and business services; active portfolio management; and responsible investing.
The pricing is subject to customary closing conditions. The collateral manager of Providus XII is Permira Credit European CLO Manager 2 LLP.
