KCAP Financial Closes New Collateralized Loan Obligation Fund
KCAP Financial, Inc. (Nasdaq: KCAP) (NYSE: KAP) announced that its wholly owned portfolio company, Trimaran Advisors, LLC, closed a $415 million collateralized loan obligation fund of leveraged loans and high yield bonds. Trimaran is the collateral manager for this fund and KCAP Financial will invest approximately $12.5 million in tranches of subordinated notes issued by the fund in connection with the transaction.
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