Longstanding Walkers client GoldenTree Asset Management ("GoldenTree") has secured commitments for its third CLO strategy ("GLM III") of $1.3 billion, which surpassed its target of $1 billion. The GLM III investor base includes investors from across the US, Europe, Asia and the Middle East. GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe.

Walkers were instructed by GoldenTree to act as Cayman Islands counsel, alongside U.S. counsel Schulte Roth & Zabel LLP. Our team was led by Cayman Islands investment funds partners Ingrid Pierce and Bicrom Das, with assistance from associates Arezou Rezai and Krista Samuels. Regulatory advice was provided by partner Andrew Howarth from our Regulatory and Risk Advisory Group.