Wellington Management Raises $194 Million for its First CLO Partners Fund

Wellington Management (“Wellington”), one of the world’s largest independent investment management firms and a seasoned collateralized loan obligation (“CLO”) investor, today announced the successful final close of its inaugural Wellington CLO Partners Fund I (the “Fund”). With US$194 million of capital commitments, including US$27 million from affiliates, the Fund exceeded its initial US$150 million target.

The Fund invests primarily in majority equity tranches of Wellington-managed U.S. Broadly Syndicated (BSL) CLOs, leveraging Wellington’s expertise as a CLO investor with US$11.6 billion in CLO debt and equity assets under management. As of 30 September 2024, Wellington has deployed three CLOs and plans to issue two to three additional deals per year.

"We believe CLO equity is a compelling asset class, and we anticipate further opportunities to pursue investment excellence on behalf of LPs in the current and future market environments," said Alyssa Irving, CLO Portfolio Manager, Wellington Management. "With this fund, we are well-positioned to expand our platform and demonstrate our commitment to serving our clients as a CLO manager."

Wellington’s CLO issuance business is a natural extension of the firm’s established credit platform. Wellington began investing in bank loan and CLO tranches in the early 2000s, continuing to bolster its team, expertise, research capabilities, and technology investments over more than two decades of experience. As of 31 December 2024, the firm managed approximately US$535 billion in fixed income assets, including US$5.0 billion in dedicated bank loan strategies, and US$2.8 billion in dedicated CLO debt and equity portfolios for clients. CLO equity is part of Wellington's multi-year expansion to offer differentiated income and total return solutions that are an extension of the firm’s existing public credit and private equity platforms.

About Wellington Management

Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,500 clients in more than 60 countries. The firm manages more than US$1.2 trillion, as of 31 December 2024, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.

About Wellington Management’s Private Investing Platform

Wellington’s Private Investing platform has a dedicated team that invests across multiple sectors and stages of the private markets and leverages the firm’s more than 900 investment professionals located in offices around the world. From venture capital to private credit, the team actively invests across the business lifecycle in the next generation of industry defining entrepreneurs and changemakers. The team has raised over US$8.9 billion in global assets to invest across geographies (Asia, Europe, and the Americas) and sectors (consumer, technology, health care, financial services, biotechnology, energy, industrials, climate technology, and real estate). Wellington’s dedicated Private Investing team takes a long-term view and leverages both its deep private market expertise along with Wellington’s broader public market expertise, extensive network, and robust research across its global footprint to benefit both investors and entrepreneurs. For more information about Private Investing at Wellington, please visit www.wellington.com/privateinvesting.

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