Kartesia announced today that its fund KCO IV invested in the subordinated notes of EuroGalaxy 7. Euro-Galaxy VII CLO DAC is a securitisation of mainly senior secured loans & bonds (at least 90%) with a bucket for senior unsecured, mezzanine and second-lien loans. A total note issuance of 409.25m€ was used to fund a portfolio with a target par of 400 m€. The portfolio is managed by PineBridge Investments Europe Limited. PineBridge was part of AIG and has been independent since 2010. They currently manage $87bn in AUM of which $58bn is in Fixed Income and Leveraged Finance strategies (Loans and HY Bonds) accounts for $18.2bn.