Maranon Capital closed Maranon Loan Funding 2023-2, Ltd., a $400 million collateralized loan obligation (“CLO”). This represents the eleventh CLO issued by Maranon.
Maranon Loan Funding 2023-2 will primarily invest in leveraged loans to middle market, private equity-backed companies. The transaction was structured to comply with U.S. risk-retention requirements and has a two-year non-call period and a four-year reinvestment period.