SoftBank's Fortresss Weighs Debut European CLO Deal
- Fund may join growing list of firms launching deals in Europe
- Floating-rate asset appeal grows as rates start to climb
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Fortress Investment Group is weighing its first collateralized loan obligation deal in Europe as the distressed-debt specialist owned by SoftBank Group Corp. seeks to tap growing appetite for the asset class, according to people familiar with the matter.
Rahul Ahuja, promoted to co-head of European credit in November, may oversee the firm’s CLO platform in the region and a deal could come as soon as this year, said the people who asked not to be identified because they’re not authorized to comment on the matter.