Exit : STLO 2007
Set up in 2009 following the crisis and managed by Carlyle. STLO offered an exposure to a solid portfolio of leverage loan names via the subordinated CLO liabilities at a significant discount of their net value. The portfolio’s performance and appreciation in value over time has allowed the redemption of all the secured liabilities.
The Altercap funds were fully repaid at par of their investment into the subordinated debt issued by STLO.