Seix Investment Advisors, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS) with $18.8 billion of fixed income assets under management as of September 30, 2019, announced the pricing of Mountain View CLO XV, a $406.4 million collateralized loan obligation (CLO). The CLO is expected to close in the first quarter of 2020.
Mountain View CLO XV is a managed cash flow CLO whose issued notes are collateralized primarily by broadly syndicated leveraged loans. The CLO has a two-year non-call provision and a five-year reinvestment period with a final maturity of 13 years. George K. Goudelias, managing director, head of leveraged finance, is the portfolio manager and John Wu, managing director, structured capital markets, managed the issuance of the CLO.
Seix, which launched its leveraged loan strategy in 2006, manages eight CLOs with approximately $3.4 billion in assets in addition to Mountain View CLO XV.
Goldman Sachs was the sole structuring and placement agent for this transaction.
About Seix Investment Advisors
Seix Investment Advisors is an investment management boutique and affiliated manager of Virtus Investment Partners that has been focused exclusively on managing leveraged finance and investment-grade fixed income strategies since 1992. Seix seeks to generate competitive absolute and relative risk-adjusted returns over the full market cycle through a bottom-up focused, top-down aware process. Seix employs multi-dimensional approaches based on strict portfolio construction methodology, sell disciplines and trading strategies with prudent risk management as a cornerstone. The firm provides investment management services to a client base that includes endowments, foundations, corporations, healthcare organizations, public funds, insurance companies, and high net worth individuals, in the US and abroad.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. Virtus offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs, and provides products and services through affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. In addition to Seix Investment Advisors, its affiliated managers include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Rampart Investment Management, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions. Additional information is available at virtus.com.
