Goldman Said to Be Seeking to Raise $400 Million Ares CLO
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Goldman Sachs Group Inc. is seeking to raise a collateralized loan obligation with a target size of $400 million to be managed by Ares Management LLC, according to three people with knowledge of the deal.
The CLO may include a $254 million piece rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private. Bank of America Corp. priced a $410 million CLO for the Los Angeles-based investment manager in January.