Citi Capital Advisors today printed its first CLO since the credit crisis, a $414.95 million vehicle via Citigroup, according to sources.

The transaction is structured as follows:

The deal has a four-year reinvestment period, sources added.

CCA is in the process of spinning out from Citigroup, after which it will be an independent, employee-owned alternative-asset-management firm that manages a diversified-product mix including hedge funds, bespoke-managed accounts, private investments, CLOs and structured credit.

Daniel Slotkin will continue to lead the loan team, which has AUM of roughly $2.8 billion through Regatta I, Regatta II and four Duane Street CLO funds (formerly managed by DiMaio Ahmad Capital).

CLO issuance in the year-to-date stands at about $6.45 billion, according to LCD. – Staff reports