Aristotle Pacific CLO Adviser III

It serves as the collateral manager for collateralized loan obligations—structured investment vehicles that pool broadly syndicated leveraged loans and issue tranched debt securities. The adviser selects and monitors the underlying loan portfolios, manages compliance with CLO indenture tests, and directs trading during the reinvestment period. Its mandate is specifically tied to the CLO vehicles it manages, not a broader open-ended credit fund.

Aristotle Pacific CLO Adviser III is a special-purpose entity within the Aristotle family of investment managers. The broader Aristotle platform encompasses multiple asset management businesses across equity, fixed income, and alternatives. This CLO adviser operates as a distinct legal entity—a common structure for CLO managers who isolate each vehicle's liabilities from the rest of the organization.

The portfolio consists primarily of US broadly syndicated first-lien senior secured leveraged loans. These are typically floating-rate instruments issued by private equity-backed companies across diversified industries. The adviser sources loans through primary syndications and secondary-market purchases, with position limits and concentration caps governed by the CLO's indenture.

The adviser earns management fees based on the CLO's assets under management, typically structured as a senior fee and a subordinated fee that is paid after debt tranche interest obligations are met. For CLO III and similar vehicles, performance may also come through retention of equity tranche exposure, where the adviser or its affiliates hold the residual interest that captures excess spread after senior obligations are satisfied.

Collateralized loan obligation managers in the US typically operate as registered investment advisers, though the specific regulatory status of this entity is not publicly confirmed. The use of enumerated vehicle names—CLO Adviser III—suggests a series structure where each CLO may have its own adviser entity for liability isolation, with common control and shared personnel across the series.