- Announcement follows pricing of Permira Credit’s third US CLO, Menlo CLO III, earlier this month
- Global Liquid Credit AUM for Permira Credit to reach €6.5bn upon closing
London – 30 September 2025 – Permira Credit, a leading specialist credit investor, today announces the pricing of PROVIDUS CLO XIII (“Providus XIII”), a €459 million European collateralised loan obligation transaction (“CLO”), which was upsized due to strong investor demand.
This marks the 13th new issue CLO from the firm’s European CLO management platform, Providus, and follows the pricing of Permira Credit’s third US CLO, Menlo CLO III, this month at $530 million, also upsized following strong demand from investors.
The total AUM for Permira Credit’s global Liquid Credit platform will reach €6.5bn upon closing of this transaction.
Charlotte Claraco, Managing Director of Permira Credit, said: “We are delighted to announce the pricing of Providus CLO XIII, the latest milestone for our European CLO platform. The upsizing in response to strong demand underscores the strength of our CLO franchise and the continued appeal of our investment approach. We remain focused on identifying compelling opportunities across European credit.”
Ariadna Stefanescu, Co-Head of Permira Credit and Head of Liquid Credit, said: “This transaction, along with this month’s Menlo III pricing, reflects both the resilience of our investment strategy and the continued confidence of our global investor base. We are grateful for the support of the platform on both sides of the Atlantic and are focused on continuing to deliver attractive, risk-adjusted returns for our investors.”
Permira Credit is a well-established global CLO manager, having managed its European CLO platform, Providus, since 2018 – pricing 13 transactions during that time – and following the launch of its US CLO platform, Menlo, in 2024. Permira Credit’s global Liquid Credit platform has a proven track record of investing through periods of significant market volatility, demonstrated by the pricing of Providus CLO VII in June 2022 and Menlo CLO II in April 2025, and has continued to build momentum with Menlo CLO III in September 2025. This track record is supported by the platform’s consistent and defensive investment strategy focused on a credit-led approach; resilient portfolio construction in sectors such as technology, healthcare and business services; active portfolio management; and responsible investing.
The pricing is subject to customary closing conditions. The collateral manager of Providus XIII is Permira Credit European CLO Manager 2 LLP.