- Deal marks Permira Credit’s fourth US CLO pricing since the launch of the US-based CLO platform in November 2024
- Global Liquid Credit AUM for Permira Credit to reach €7.3bn upon closing
Menlo Park, California – 4 February 2026 - Permira Credit, a leading specialist credit investor, today announces the pricing of MENLO CLO IV (“Menlo IV”), a $504 million US collateralized loan obligation (“CLO”), which was upsized due to strong investor demand.
This marks Permira Credit’s fourth US CLO priced in the 14 months since the launch of its US CLO management platform in November 2024, reflecting the rapid growth and strong momentum of the firm’s US Liquid Credit business. Upon closing of Menlo IV, Permira Credit will manage approximately $1.8 billion of CLO AUM in the US market. Since launching its US CLO strategy, Permira Credit has successfully priced three prior US CLOs: Menlo I, a $430.6 million upsized transaction priced in November 2024; Menlo II, priced in April 2025 at $404.2 million; and Menlo III, a $530.8 million upsized transaction priced in September 2025.
Jared Adler, Managing Director at Permira Credit, said: “The successful pricing of our first US CLO of 2026 highlights the strong momentum behind our platform. The pace and scale of our growth reflect both the confidence of our investors and our team’s expertise in navigating evolving credit cycles.”
Ariadna Stefanescu, Co-Head of Permira Credit and Head of Liquid Credit, said: “Pricing our fourth US deal in 14 months demonstrates a clear recognition of our investment strategy and track record. We continue to see significant opportunity in the US credit market and appreciate the ongoing support from our investors.”
Over its 18-year track record, Permira’s Liquid Credit business has priced 18 CLOs across Europe and the US. The firm’s US CLO platform applies the same proven, disciplined, credit-led investment approach as its established European platform, Providus, with a focus on resilient portfolio construction, active portfolio management and a strong commitment to responsible investing. The recent pricing of Providus CLO XIV positioned Permira Credit among the first managers to re-open the European CLO market in 2026, building on strong momentum from 2025. Upon closing of this transaction, total AUM for Permira Credit’s global Liquid Credit platform will reach €7.3bn.
The pricing is subject to customary closing conditions. The collateral manager of Menlo IV is Permira US CLO Manager LLC.
