PARK RIDGE, N.J., March 29, 2019 /PRNewswire/ --
Seix Investment Advisors, an affiliate of Virtus Investment
Partners, Inc. (NASDAQ: VRTS) that managed $21.3 billion of fixed-income assets as of
December 31, 2018, announced the
closing of Mountain View CLO XIV, a $404.7 million collateralized loan obligation
(CLO).
Mountain View CLO XIV is a managed cash flow CLO whose issued
notes are collateralized primarily by broadly syndicated leveraged
loans. The CLO has a one-year non-call provision and a two-year
reinvestment period with a final maturity of 10 years. George K. Goudelias, managing director, head of
leveraged finance at Seix, is the portfolio manager of the CLO.
With the closing of Mountain View CLO XIV, Seix, which launched
its leveraged loan strategy in 2006, manages eight CLOs with
approximately $3.5 billion in
assets.
BNP Paribas was the sole structuring and placement agent for
this transaction.
About Seix Advisors
Seix Investment Advisors is
an investment management boutique and affiliated manager of Virtus
Investment Partners that has been focused exclusively on managing
fixed income securities since 1992. Seix seeks to generate
competitive absolute and relative risk-adjusted returns over the
full market cycle through a bottom-up focused, top-down aware
process. Seix employs multi-dimensional approaches based on strict
portfolio construction methodology, sell disciplines and trading
strategies with prudent risk management as a cornerstone. The firm
provides investment management services to a client base that
includes endowments, foundations, corporations, healthcare
organizations, public funds, insurance companies, and high net
worth individuals, in the US and abroad.
About Virtus Investment Partners
Virtus Investment
Partners (NASDAQ: VRTS) is a distinctive partnership of
boutique investment managers singularly committed to the long-term
success of individual and institutional investors. Virtus offers
access to a variety of investment styles across multiple
disciplines to meet a wide array of investor needs, and provides
products and services through affiliated managers and select
subadvisers, each with a distinct investment style, autonomous
investment process, and individual brand. In addition to Seix
Investment Advisors, its affiliated managers include Ceredex Value
Advisors, Duff & Phelps Investment Management, Kayne Anderson
Rudnick Investment Management, Newfleet Asset Management, Rampart
Investment Management, Silvant Capital Management, Sustainable
Growth Advisers, and Virtus ETF Solutions. Additional information
is available at virtus.com.
The securities offered in the CLO have not been registered
under the Securities Act of 1933, as amended, or any state
securities laws, and may not be offered or sold in the United States absent registration or
pursuant to an exemption from registration under the Securities Act
and applicable state securities laws. This release does not
constitute an offer to sell or a solicitation of an offer to buy
any such securities.
Forward-Looking Information
This press release
contains statements that are, or may be considered to be,
forward-looking statements. All statements that are not historical
facts, including statements about our beliefs or expectations, are
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements may be
identified by such forward-looking terminology as "expect,"
"estimate," "plan," "intend," "believe," "anticipate," "may,"
"will," "should," "could," "continue," "project," or similar
statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about our company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty,
including assumptions and projections concerning our assets under
management, cash inflows and outflows, operating cash flows, our
ability to expand distribution and product offerings, and future
credit facilities, for all forward periods. All of our
forward-looking statements are as of the date of this release only.
The company can give no assurance that such expectations or
forward-looking statements will prove to be correct. Actual results
may differ materially
View original
content:http://www.prnewswire.com/news-releases/seix-investment-advisors-completes-offering-of-404-7-million-clo-300820815.html
SOURCE Seix Investment Advisors