Chatham Launches CLO Platform, Taps CSAM’s Flannery
- The investment firm has also tapped Sosland, Chatham, Chakrala
- CTM Asset Management will start issuing CLOs in 2025
This article is for subscribers only.
Hedge fund Chatham Asset Management is launching a platform that will manage and invest in the $1.3 trillion collateralized loan obligation market, according to a statement seen by Bloomberg.
Thomas Flannery, who had been a portfolio manager with Credit Suisse Asset Management until earlier this year, is set to join Chatham to spearhead the new business called CTM Asset Management. Chatham will provide funding for the equity portion of CLOs, according to a person with knowledge of the matter. CTM will start issuing CLOs — leveraged loans repackaged as bonds — in 2025, the person added.