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BTG Pactual Poised to Become First Latin American Manager in US CLO Market
BTG Pactual’s asset management arm, BTG Pactual Global Alternatives, is exploring U.S. CLO management, according to sources.
The move would make the firm the first CLO manager with headquarters in Latin America. Parent company BTG Pactual is Latin America’s largest investment bank, and it offers financial services spanning asset and wealth management and trading. Its headquarters are in São Paulo, Brazil.
Sources say that the CLO business will fall under Christopher Allen, head of performing credit at BTG Pactual Global Alternatives. Allen was formerly head of structured finance for Medley Management and earlier worked as a partner for CVC.
BTG’s entrance into the CLO space marks an ever-expanding landscape of global managers. Octus reported on Arcano Partners’ CLO entrance on Oct. 8, 2024, when it became the first CLO manager located in southern Europe. Mandatum Asset Management, which is based in Finland, is also looking to enter the market.
Other firms looking to enter the U.S. CLO market as managers include Millennium Management, Rokos Capital Management and Squarepoint Capital.
BTG declined to comment.
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