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Pearl Diver CLO Opportunity 2017-A GP Limited
Pearl Diver CLO Opportunity 2017-A GP Limited is a Cayman Islands CLO issuance vehicle that packages leveraged loans into tranches for institutional investors.
Overview
PEARL DIVER CLO OPPORTUNITY 2017-A GP LIMITED is an exempt reporting adviser in ST PETER PORT. It is based there.
General information
Firm type
Asset Manager
Year founded
2017
Sector focus
Frequently asked questions
What is the investment strategy of Pearl Diver CLO Opportunity 2017-A GP Limited?
The vehicle buys a diversified pool of senior secured leveraged loans and issues CLO notes. It targets yield by capturing the spread between loan interest and note coupons, while managing credit risk through overcollateralization tests and a separate collateral manager (per the firm's regulatory filings).
Is Pearl Diver CLO Opportunity 2017-A GP Limited a fund or a special-purpose vehicle?
It is a special-purpose vehicle formed for a single CLO issuance. Unlike an ongoing fund, it has a defined lifecycle: a warehousing period, a reinvestment period, and a wind-down phase. The vehicle terminates after all notes are repaid.
How does this vehicle differ from a typical CLO fund managed by firms like Blackstone or Apollo?
Pearl Diver CLO Opportunity 2017-A GP Limited is a single-issuance CLO trust with a fixed portfolio, whereas managers like Blackstone run multiple CLOs over time. The vehicle does not raise new capital after issuance and does not have a permanent investment team; it is a securitization structure, not an ongoing investment mandate.
What is the typical investor base for CLOs from vehicles like Pearl Diver?
Institutional investors such as insurance companies, pension funds, and bank treasury desks buy the rated tranches. The equity tranche is often held by the vehicle's sponsor or placed with experienced credit investors seeking high yield. Public disclosure of specific investors is rare.
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