Fortress Investment Group Announces Pricing of Third European CLO Transaction
Fortress Credit Europe BSL 2026-3 DAC further expands Fortress's performing credit platform in the European markets
Fortress Investment Group ("Fortress") today announced the pricing of Fortress Credit Europe BSL 2026-3 DAC, its third European Collateralized Loan Obligation ("CLO") vehicle. BSL 2026-3 raised €406 million to invest in loan securities.
“The pricing of our third European CLO reflects the momentum we've built in the European performing credit market and the depth of investor confidence in our platform,” said Niccolò Biancheri, Head of European Corporate Credit. “Each successive transaction has allowed us to broaden our investor base and refine our approach, from collateral selection through to structure, and we're excited to continue scaling this franchise.”
Fortress Credit Europe BSL 2026-3 is managed by Fortress affiliates. The CLO is primarily invested in senior secured, first lien, broadly syndicated loans, with underlying diversity from issuer geography and industry sector. BSL 2026-3's reinvestment period runs until April 2031.
