$400 million issuance marks continued momentum of CLO platform launched in August
BOSTON, MA, November 17, 2025 – Abry Partners (“Abry”), a Boston-based private equity and credit firm, today announced the pricing of its second collateralized loan obligation (“CLO”), Abry Liquid Credit CLO 2025-2, LLC (“ALC CLO 2025-2”). The transaction, with a total issuance of $400 million, follows the successful launch of Abry’s CLO platform and pricing of its inaugural CLO in August 2025.
“We are pleased to announce the pricing of our second CLO, underscoring strong investor confidence and interest in our CLO platform which launched less than three months ago,” said Mike Ferrante, Managing Director and Head of Abry Liquid Credit. “The transaction attracted participation from 20 unique investors, including 15 who are new to Abry’s CLO platform. We look forward to expanding and deepening our investor relationships as we continue growing our CLO program as part of Abry’s ongoing commitment to providing diversified investment opportunities and driving results across market cycles.”
Key ALC CLO 2025-2 Terms
• $165mm Class A-1 Notes, AAA, 38%, S+131
• $83mm Class A-1 Loan, AAA, 38%, S+131
• $16mm Class A-2 Notes, AAA, 34%, S+157
• $40mm Class B Notes, AA, 24%, S+175
• $24mm Class C Notes, A, 18%, S+210
• $24mm Class D Notes, BBB-, 12%, S+315
• $16mm Class E Notes, BB-, 8%, S+585
Abry’s CLO platform now comprises two transactions, representing $800 million in assets. Abry intends to issue at least three transactions annually as a programmatic CLO issuer. The CLO program is intended to be EU/UK Risk Retention compliant.
About Abry Partners
Abry Partners is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $90 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages $16 billion of assets across several fund strategies.
More information about Abry Partners: www.abry.com
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