London, 15 September
SIGNAL, the London-based specialist investor dedicated to private, public, and structured European credit, today announced the pricing of Signal Harmonic CLO VII, a €400 million new-issue Collateralised Loan Obligation (CLO).
Launched in 2022, SIGNAL Harmonic, SIGNAL’s CLO management platform, has grown significantly, completing seven transactions to date and bringing the total assets under management of the CLO platform to €3.1bn. This latest issuance from SIGNAL Harmonic follows the pricing of SIGNAL’s sixth CLO in March, also priced at €400m, demonstrating the strong growth momentum of the platform since launch.
This track record is underpinned by the platform’s consistent and active investment strategy. SIGNAL Harmonic combines deep single-name credit analysis with a through-the-cycle investment horizon and active portfolio management, enhanced by proprietary quantitative optimisation tools. The platform’s top-down risk positioning and credit views are reflected in portfolios that are dynamically assessed for relative value, enabling responsive adjustments to evolving market conditions and supporting strong performance through weak market cycles and periods of heightened volatility.
As with previous transactions, Signal Harmonic CLO VII will primarily invest in a diversified portfolio of European broadly syndicated senior-secured loans.
Rajat Mittal, Partner and Head of Leveraged Credit at SIGNAL, said, “We are pleased to announce the pricing of Signal Harmonic CLO VII, marking another important step in the continued growth of our platform. The transaction was completed against one of the most challenging CLO equity markets we have seen in recent years, making the significant level of equity we have placed with third-party investors particularly encouraging. We believe this reflects the consistent performance we have delivered across our transactions and the strength of the investor relationships we have built over time. We remain focused on taking an active and disciplined approach to European credit, identifying attractive opportunities and delivering strong risk-adjusted returns for our investors across market cycles.”
About SIGNAL
SIGNAL is a €5.5bn London-based investment firm focused on opportunistic credit and special situations across private and public markets in Europe. Founded in 2015 by a seasoned management team with decades of experience in complex investing, the firm combines investment discipline with strategic innovation to deliver consistent performance for investors across market cycles.
