Maranon Capital, L.P. (Maranon) announced the closing of Maranon Loan Funding 2019-1, Ltd., a $400 million collateralized loan obligation (CLO), arranged by Morgan Stanley. The CLO represents the fourth CLO issued by Maranon, bringing the company’s total CLO assets under management to over $1 billion.

Maranon Loan Funding 2019-1 will invest in leveraged loans to middle market, private equity-backed companies. Maranon retained a horizontal slice to comply with U.S. risk retention. The transaction has a two year non-call period and four year reinvestment period.

“The successful issuance of our fourth middle market CLO continues to broaden Maranon’s senior funding sources and represents another important building block for our CLO platform. Investors continue to demonstrate that they value our strong sourcing capabilities, highly selective portfolios and rigorous underwriting standards” commented Darin Schmalz, Principal at Maranon Capital.