- Deal marks Permira Credit's 20th CLO priced globally and the fifth Menlo CLO, as the firm reaches five Menlo CLOs priced in under 18-months, reflecting the rapid growth and scalability of the US platform
- Global Liquid Credit AUM for Permira Credit to reach $9.4bn upon closing
Menlo Park, California – 12 May 2026 – Permira Credit, a leading specialist credit investor, today announces the pricing of MENLO CLO V ("Menlo V"), a $428.1 million US collateralized loan obligation ("CLO") which was upsized due to strong investor demand.
Menlo V marks Permira Credit's 20th CLO priced globally and the fifth Menlo CLO priced in under 18 months, underscoring the scalability and consistency of the firm's US Liquid Credit platform. Since launching its US CLO strategy in November 2024, Permira Credit has successfully priced five Menlo CLOs totalling $2.3bn.
Jared Adler, Managing Director at Permira Credit, said: "Pricing in the current environment requires both discipline and conviction, and we are pleased to have delivered on both with Menlo V. The transaction reflects our continued focus on building a defensive and attractive portfolio, and participation from both existing and new investors reflects the confidence in our strategy and track record."
Ariadna Stefanescu, Co-Head of Permira Credit and Head of Liquid Credit, said: "The US credit market continues to offer compelling opportunities for managers with the infrastructure and expertise to act decisively. Pricing our fifth Menlo CLO in under 18 months and our 20th globally reflects the momentum we have built with our CLO Management business over a number of years. We remain focused on identifying the most attractive opportunities for our investors."
Permira Credit is a leading global CLO manager, with an established European platform, Providus, alongside its growing US platform, Menlo. Across both platforms, the firm applies the same proven, disciplined, credit-led investment approach, with a focus on resilient portfolio construction, active portfolio management, and a strong commitment to responsible investing. The recent pricing of Providus CLO XV in April 2026 further demonstrates the firm's ability to execute consistently across challenging market conditions and geographies. Upon closing of this transaction, total AUM for Permira Credit's global Liquid Credit platform will reach $9.4bn.
The pricing is subject to customary closing conditions. The collateral manager of Menlo V is Permira US CLO Manager LLC.
