Permira's credit arm entered the US market in November 2024 with Menlo CLO I, an upsized $430.6m deal. The firm has maintained a steady pace, pricing Menlo CLO II at $404m in April 2025 and upsizing Menlo CLO III to $530m in September 2025. Menlo CLO IV was upsized to $504m in February 2026, followed by Menlo CLO V at $428.1m in May 2026.
The sixth deal in the Menlo platform has now raised approximately $2.7bn in total capital. This consistent execution demonstrates Permira Credit's strong presence in the US collateralized loan obligation market.
Source: PE Insights · Summarized by HeadlinesBriefing