KCAP Financial closes $408.5M CLO fund
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KCAP Financial Inc. said that Catamaran CLO 2016-1 Ltd., a $408.5 million collateralized loan obligation fund has closed.
Trimaran Advisors Management LLC, KCAP's portfolio company, will be the investment manager for the CLO. KCAP will invest about $10.1 million in the fund's junior tranche of notes issued by the fund.
