Clearlake Capital Group has raised $1bn through a collateralised fund obligation (CFO) backed by stakes in its private market funds, after restructuring the transaction following discussions with prospective investors, according to a report by Bloomberg.
The report cites unnamed people familiar with the transaction as highlighting that the deal was revised to alter the mix of assets backing the securitisation, while also reducing leverage and improving pricing.
Goldman Sachs acted as sole struct...
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