Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Citigroup Said to Sell $458 Million CLO for Fraser Sullivan

Citigroup Inc. is raising a $458.3 million collateralized loan obligation for WCAS Fraser Sullivan Investment Management LLC, according to two people with knowledge of the deal.

The fund, which will refinance the COA Tempus CLO, includes a $287 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private. The CLO may price the week of April 9, the people said.

CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.

Citigroup raised a $408.7 million CLO for Fraser Sullivan last year, according to data compiled by Bloomberg.

Fraser Sullivan, which managed about $5.4 billion in assets as of Dec. 31, was founded in 2005 by John Fraser and Tighe Sullivan. Private-equity firm Welsh, Carson, Anderson & Stowe has a 50 percent stake in the company.

John Fraser didn’t return a telephone call seeking comment. Scott Helfman, a Citigroup spokesman, declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.