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."
