NEW YORK, US - Prytania Asset Management has been appointed as sub-advisor by Yieldstreet to manage investments for a CLO note program that has been recently launched on their platform. The portfolios, Diversified CLO Portfolio I and Diversified CLO Portfolio II, are invested in collateralized loan obligation (CLO) tranches in the US market. They are focused on BBB and BB rated bonds, comprising approximately 65% and 35% respectively of the portfolios. The portfolios are available to accredited investors on the Yieldstreet platform.
Mark Hale, CEO and CIO at Prytania Asset Management, said, “We are very pleased to be working with Yieldstreet on these CLO-focused portfolios. In the current market environment, with higher interest rates and relatively wide spreads on CLOs, we see significant opportunity to capture attractive risk-adjusted returns for their investors. “
About Prytania Asset Management
Prytania Asset Management is an independent structured credit specialist investing in developed markets in the US, UK and Europe. Founded in 2003, the Firm manages $2.1 billion and offers a suite of funds, portfolios and separate managed accounts to provide investors with access to global structured credit opportunities of different risk/return profiles. The Firm is headquartered in London with a presence in the United States.
Yieldstreet is a leading platform that offers investors an avenue to invest in curated private market alternative investments. Headquartered in New York, the firm was founded in 2015 and currently has more than 420,000 members with $3.2 billion invested across various private fund strategies spanning structured credit, real estate, private credit, art and many other strategies.
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