Abry prices fifth CLO, pushing platform past $2B in AUM
What's the deal? Abry PartnersDealroom has a profile for this one. Try Dealroom →, a Boston-based private equity and credit firm, has priced its fifth collateralized loan obligation (CLO), a $405 million issuance called Abry Liquid Credit CLO 2026-5. The deal lifts the firm's CLO platform past $2 billion in assets under management.
Why now? It's Abry's third CLO pricing in 2026 and its fifth in under a year, a rapid build-out for a still-young platform. The firm said the transaction is intended to be EU/UK Risk Retention compliant.
The details: The deal spans tranches from AAA down to BB-, with $248 million in top-rated Class A-1 notes and loans priced at S+127. Lower down the stack, the BB- Class E notes priced at S+540.
What's the endgame? Abry is scaling a programmatic liquid credit strategy that has now drawn 50 unique investors. "We have quickly built a recognized, scaled CLO platform that has attracted a diverse range of investors," said Jonathan Barry, head of CLO structuring at Abry.
Barry added that the firm held "a competitive weighted average cost of capital" despite pricing "in a challenging and volatile environment."
The context: Founded in 1989, Abry manages $16 billion across its strategies and has completed over $90 billion of leveraged transactions. The CLO platform remains a small but fast-growing slice of that base.
The signal: Reaching $2 billion in under a year signals steady investor appetite for CLOs even in choppy markets, and marks Abry's push to establish itself as a recurring issuer in the space.
Read more: Abry Partners
Image credit: Trenten Kelley
