Brightwood Capital Prices $319 Million Middle Market CLO

Brightwood Capital Advisors, LLC, a private credit firm, announced it has priced Brightwood Capital MM CLO 2023-1 Ltd., a $319 million collateralized loan obligation. This CLO represents the fifth CLO issued by the firm since 2019.

Brightwood has indications for securities rated from AAA through BB from third-party investors, including insurance companies, banks, and asset managers. GreensLedge Capital Markets, LLC and RBC Capital Markets will serve as co-placement agent on the deal.

"We are pleased to see strong interest from new and existing investors looking to secure attractive yield in the increasingly competitive environment,” said Arlene Shaw, Managing Director and Treasurer at Brightwood. “This transaction further demonstrates confidence from investors in our ability to navigate a challenging market.”

"We are excited to see robust demand for our CLO platform and to support the continued growth of the middle market,” Sengal Selassie, Managing Partner and Chief Executive Officer of Brightwood, added. “We intend to expand upon our presence in this market, enabled through the support of our loyal investor base.”

About Brightwood Capital Advisors

Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.

Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.

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