Nassau Corporate Credit (NCC) is pleased to announce that it won "Best New US CLO" for Nassau 2019-II at the 2020 Creditflux Manager Awards* and was a finalist for “Best US CLO Manager” and “Creditflux Manager of the Year.” The honors follow the “Best US Boutique CLO Manager” award NCC received from Creditflux last year.
The “Best New US CLO” is awarded by Creditflux (a London-based publisher of information about credit funds and CLOs) to a US CLO manager for a CLO that became effective and produced its first trustee report in 2019. The “Best US CLO Manager” is awarded by Creditflux to a US CLO manager with five or more active CLOs, and “Creditflux Manager of the Year” is awarded to the manager whose overall global portfolio performance is deemed the best.
About Nassau Corporate Credit
Led by Alex Jackson, Nassau Corporate Credit (NCC) was formed in 2017 as an affiliate of Nassau Financial Group and currently has approximately $3 billion in assets under management. It provides investment advisory services, acts as a collateral manager for collateralized loan obligations (CLOs) and, through its affiliate, Nassau Private Credit, invests in securities issued by CLOs managed by external parties. Nassau Corporate Credit is based in Darien, CT.
Nassau Financial Group, based in Hartford, CT, currently has combined assets of approximately $27 billion. Its business covers four segments: insurance, reinsurance, distribution and asset management.
*Creditflux’s methodology is entirely data-driven and takes into account such metrics as changes in overcollateralization test buffers, weighted average portfolio interest spread, weighted average price, ratings, proportion of CCC assets, annualized returns to equity investors and volatility in payments to equity investors. Creditflux encourages CLO managers, direct lenders and fund managers to submit their deals for award consideration.