Tetragon Credit Income Partners Announces total commitments of $430 million

 
TIDMTFG 
 
Tetragon Credit Income Partners Announces total Tetragon Credit Income III 
                          commitments of $430 Million 
 
LONDON, March 13, 2019 -- Tetragon Credit Income today announces that its 
February 2019 final close of Tetragon Credit Income III L.P. (TCI III) brings 
total commitments to approximately $430 million.  TCI III is a private equity 
vehicle which focuses on CLO investments, including majority stakes in CLO 
equity tranches.  Tetragon Credit Income's other most recent CLO investment 
vehicle, Tetragon Credit Income II L.P. (TCI II), raised just under $350 
million through its final close in 2017. 
 
"The CLO market continues to be a dynamic space presenting many interesting 
investment opportunities, both near and long-term and across various credit and 
economic cycles," said Scott Snell, Portfolio Manager for Tetragon Credit 
Income.  "Today's announcement marks an important milestone for the Tetragon 
Credit Income business, as TCI III is a new, dedicated pool of capital that 
will enable us to continue to make control equity investments in the primary 
market and to play an active role in the structuring of these investments." 
 
Tetragon Credit Income is one of the asset management businesses that comprise 
TFG Asset Management, the diversified alternative asset management business of 
Tetragon Financial Group Limited.  Tetragon Credit Income invests in both 
externally-managed CLOs and in CLOs managed by TFG Asset Management's LCM Asset 
Management.  Assets under management for TFG Asset Management as of 31 December 
2018 totaled approximately $28.1 billion.[1] 
 
Stephen Prince, Head of TFG Asset Management, added: "Our aim is to partner 
with leading alternative asset managers and provide a shared strategic 
direction and operational support, with a view to them delivering attractive 
returns to their investors, as well as to Tetragon which looks to invest 
alongside them.  Today's announcement underscores the success of the approach." 
 
Since 2005, Tetragon, directly and through Tetragon Credit Income private 
equity vehicles, has invested over $2.3 billion in CLO equity, across 101 CLOs 
managed by 32 managers.  Snell added: "Since inception, Tetragon has been a 
leader in taking majority equity stakes in CLO transactions and forging deep 
relationships with CLO managers to deliver strong risk-adjusted returns for its 
investors.  Tetragon Credit Income is seeking to continue this effort." 
 
About Tetragon: 
 
Tetragon is a closed-ended investment company that invests in a broad range of 
assets, including bank loans, real estate, equities, credit, convertible bonds, 
private equity, infrastructure and TFG Asset Management, a diversified 
alternative asset management business.  Where appropriate, through TFG Asset 
Management, Tetragon seeks to own all, or a portion, of asset management 
companies with which it invests in order to enhance the returns achieved on its 
capital. Tetragon's investment objective is to generate distributable income 
and capital appreciation.  It aims to provide stable returns to investors 
across various credit, equity, interest rate, inflation and real estate cycles. 
The company is traded on Euronext in Amsterdam N.V. and on the Specialist Fund 
Segment of the main market of the London Stock Exchange. For more information 
please visit the company's website at www.tetragoninv.com. 
 
Tetragon:          Press Inquiries: 
Yuko Thomas        Prosek Partners 
Investor Relations Andy Merrill and Kate Sylvester 
[e-mail] [e-mail] 
 
This release does not contain or constitute an offer to sell or a solicitation 
of an offer to purchase securities in the United States or any other 
jurisdiction.  The securities of Tetragon have not been and will not be 
registered under the U.S. Securities Act of 1933 and may not be offered or sold 
in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration.  Tetragon does not intend to 
register any portion of its securities in the United States or to conduct a 
public offer of securities in the United States.  In addition, Tetragon has not 
been and will not be registered under the U.S. Investment Company Act of 1940, 
and investors will not be entitled to the benefits of such Act.  Tetragon is 
registered in the public register of the Netherlands Authority for the 
Financial Markets under Section 1:107 of the Financial Markets Supervision Act 
as a collective investment scheme from a designated country. 
 
[1] Includes GreenOak Real Estate, LP funds and advisory assets, LCM, Polygon 
Recovery Fund LP, Polygon Convertible Opportunity Master Fund, Polygon European 
Equity Opportunity Master Fund and associated managed account, Polygon Global 
Equities Master Fund, Equitix Holdings Limited, TCI II, TCI III and TCICM as 
calculated by the applicable administrator for value date 31 December 2018. 
Includes, where relevant, investments by Tetragon, TCI II and TCI III (in the 
case of LCM).  TFG Asset Management AUM includes the AUM of several investment 
advisers, including TFG Asset Management L.P., and GreenOak, each of which is 
an investment manager registered under the U.S. Investment Advisers Act of 
1940.  Figures for GreenOak, TCI II and TCI III may also include committed 
capital. 
 
 
 
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(END) Dow Jones Newswires

March 13, 2019 03:00 ET (07:00 GMT)