Reuters•10 months ago
Tetragon Credit Income Partners has hired Scott Snell, the former co-head of BlackRock’s US Collateralized Loan Obligation (CLO) business, as it considers new investments. The firm, which has typically purchased the most junior tranche of CLOs, the equity slice, is considering investing across the capital structure, said Snell, who joined Tetragon last week as a portfolio manager. Tetragon may set up separately managed accounts or other opportunistic funds to invest in CLO debt, potentially in both the US and Europe, as soon as this year, Snell said.