Aviva Investors has acquired the Adriana Instructure CLO, further expanding the team’s private debt platform and capabilities.
Established in 2008, the CLO is backed by a diversified portfolio of UK infrastructure Loans, with Aviva Investors having originally invested in the vehicle in 2013.
Infrastructure CLOs represent a specialised segment of the global market, mostly concentrated in Dollars, but the Aviva Investors team believes there is opportunity to develop their presence in UK and European markets.
Munawer Shafi, head of structured and private debt at Aviva Investors, said: “The acquisition of the Adriana CLO represents a major strategic step for our private debt platform and strengthens the relationship we have had with the CLO for more than a decade.
“Although CLOs have historically been associated with corporate lending, we believe infrastructure-backed CLOs provide investors with attractive diversification beyond traditional corporate exposures, while offering the flexibility to tailor risk and return profiles to suit investors’ needs.”
Darryl Murphy, head of infrastructure at Aviva Investors, added: “The new CLO vehicle will enable us to scale our origination capabilities further, particularly in the sub-investment-grade segment and with greater investment flexibility.”
See also: Aegon and Lakemore bolster partnership on CLO investment
