KCAP Financial Inc. has announced the pricing of a $695.8 million reset and upsized Catamaran CLO 2014-1 Ltd, originally a $467.9 million collateralized loan obligation fund.

KCAP Financial portfolio company Trimaran Advisors LLC will be the investment manager for the fund. An affiliate of the investment manager is expected to retain a vertical strip to comply with U.S. risk retention.