LONDON, 1 March 2017 – Spire Partners LLP (“Spire”) has won two Private Debt Investor (“PDI”) 2016 Awards. Spire was voted CLO Manager of the Year, Europe, and Aurium CLO II DAC (“Aurium CLO II”), managed by Spire was voted Global CLO of the Year.
The PDI Awards aim to recognise the contributions of various industry participants to the development of private debt as an asset class. The judging process was a combination of editorial shortlisting and industry voting for the final winners. More information on the methodology of the awards can be found on PDI’s website (www.privatedebtinvestor.com).
Commenting on the award, Rob Reynolds, Partner and Chief Investment Officer, said “We are delighted to receive these awards, and we are grateful to our investors, partners and other market counterparties for their continued support.”
Aurium CLO II was one of four CLOs to be shortlisted for the Global CLO of the Year award. Closed in June 2016, Aurium CLO II was Spire’s second European CLO, and was upsized to €360 million following strong investor demand across the capital structure. At the time of issue, the AAA coupon was the low print for the year.
Spire was shortlisted for CLO Manager of the Year, Europe due to the strong performance of its two existing CLOs, and the opening of a warehouse for Aurium CLO III DAC in November 2016.
In the last twelve months Spire’s performance has been recognised by the industry, having been awarded GlobalCapital’s European CLO of the Year in April 2016 and Creditflux’s Best New European CLO in May 2016 for Aurium CLO I DAC.