About This Fund
Atlas Senior Loan Fund XXIV is the twenty-fourth collateralized loan obligation in the Atlas Senior Loan Fund series, managed by Crescent Capital Group LP, one of the leading alternative credit managers in the United States. Crescent Capital has been an active CLO issuer since the aftermath of the Global Financial Crisis of 2008, building a franchise of broadly syndicated CLO vehicles under the Atlas Senior Loan Fund brand. The Atlas series is one of the most consistently active CLO platforms among non-bank credit managers in the US market, with Atlas Senior Loan Fund XXIV representing the twenty-seventh CLO that Crescent has completed since 2008.
Atlas Senior Loan Fund XXIV is structured as a broadly syndicated CLO and invests primarily in US senior secured term loans, with a secondary allocation to select senior secured corporate bonds. The portfolio is diversified across a broad range of corporate borrowers and US industries, with the objective of generating attractive risk-adjusted returns across the CLO's rated note tranches. As a broadly syndicated CLO, the fund benefits from protections typical of senior secured credit facilities, including first-lien priority and security interest in substantially all borrower assets. The fund's investment mandate focuses exclusively on the US leveraged loan and high yield bond markets, with a diversified approach across sectors and issuers.
The CLO closed with a target par amount of USD 400 million on December 10, 2024, and matures on January 20, 2038, providing investors with a thirteen-year investment horizon. The transaction continued Crescent Capital's disciplined cadence of CLO issuance and reinforced the Atlas Senior Loan Fund brand as one of the most durable CLO platforms in the market. Crescent Capital Group was founded in 1991 as a specialist credit investment manager, with expertise spanning high yield bonds, leveraged loans, CLOs, direct lending, and other alternative credit strategies serving institutional investors globally.