Brightwood Capital Advisors Closed Second Largest Middle Market CLO of 2024 at $707 Million

Brightwood Capital Advisors, LLC, a private credit firm, announced that it has closed Brightwood Capital MM CLO 2024-2 Ltd., a $707 million collateralized loan obligation (“CLO”). This CLO represents the second largest new issue middle-market CLO this year, bringing the firm’s year-to-date issuance to $862 million and positioning Brightwood as one of the top three largest middle-market issuers year-to-date, representing over 10% of total middle-market issuance. This also marks Brightwood’s seventh CLO since 2019, bringing the firm’s total CLO issuance to over $3.5 billion.

Brightwood closed on AAA through BB securities from third party investors including insurance companies, banks and asset managers. GreensLedge Capital Markets served as arranger and lead placement agent, NatWest Markets Securities Inc. served as co-placement agent and KeyBanc Capital Markets served as co-structuring agent.

“We are thrilled with the overwhelming amount of interest from new and existing investors,” said Arlene Shaw, Managing Director and Treasurer at Brightwood. “We credit this success to our longstanding tenure in the middle market, which has enabled us to develop a robust CLO platform capable of navigating uncertain market conditions and capitalizing on industry tailwinds to deliver value for our investors across market cycles. We look forward to continuing our role in supporting the growth of the middle market.”

“We are excited to see extensive interest in our middle market CLO platform as investors increasingly see the value in the asset class and the unique risk-return profile it can provide,” added Sengal Selassie, Chief Executive Officer and Managing Partner of Brightwood. “As a result of our team’s deep credit expertise and industry knowledge, our CLO strategy has proved resilient, delivering value to investors despite a challenging macroeconomic and geopolitical backdrop. Looking ahead, we plan to build upon our success in the space by leveraging our experience to serve a rapidly growing market.”

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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