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Travers Smith advises on $650 million final closing of Bain Capital Credit CLO Management II Ltd

Overview

Travers Smith LLP has advised Bain Capital Credit on the successful final closing of Bain Capital Credit CLO Management II Ltd (the "Fund").  The Fund raised a total of $650 million to make strategic investments in Bain's US and European-managed CLOs.

The Travers Smith team was led by Funds Partner, Will Normand and also included associates Megan Law and Katie Bench

Will Normand commented:

"We are delighted to have advised Bain Capital Credit on this fundraise having previously advised on the first vintage of their CLO equity fund. As one of the largest manager-controlled CLO equity funds raised, this is both a recognition of Bain Capital Credit's experienced CLO team and the track record of the strategy in a volatile macro environment."

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