About This Fund
Hayfin Emerald CLO IX DAC is a European collateralised loan obligation (CLO) managed by Hayfin Emerald Management LLP, part of Hayfin Capital Management's established European CLO platform. The vehicle was originally priced at €392.8 million in March 2022 with Moody's assigning ratings to eight classes of debt across the note tranches, providing investment-grade rated exposure from the senior AAA tranche through to subordinated mezzanine notes. In 2025, Hayfin completed a reset of the structure at approximately €400 million—the sixth CLO reset the firm executed in 2025—extending the reinvestment period and optimising the capital structure for the prevailing market environment.
Hayfin Emerald CLO IX invests in a broadly diversified portfolio of senior secured European leveraged loans, with a reinvestment period enabling active portfolio management through secondary loan purchases and opportunistic primary market participation. The fund employs Hayfin's disciplined credit selection methodology, combining deep fundamental analysis of corporate borrowers with rigorous structural protections including overcollateralisation tests, interest coverage tests, and sector concentration limits. The CLO structure is designed to provide stable income to noteholders while actively managing portfolio quality and credit risk across European leveraged finance markets.
Hayfin Emerald CLO IX is part of Hayfin's landmark Emerald series—the European CLO franchise that achieved its tenth new issuance milestone as one of Europe's most prolific CLO managers. Hayfin Capital Management oversees a broad credit platform that includes direct lending, real estate debt, and liquid credit strategies, with the Emerald CLO franchise providing institutional investors with diversified access to the European leveraged loan market. The 2025 reset of Emerald IX reflects both favourable market conditions and the platform's demonstrated ability to access CLO capital markets efficiently across market cycles.