Madison Capital Funding LLC has closed its sixth collateralized loan obligation (CLO) fund with $325 million in capital commitments. The firm’s new fund comes amid a healthy fundraising climate, particularly for lenders raising CLO funds due to its stable, cost-effective, and well-protected structuring.

The fund, called MCF CLO VI LLC, will have a reinvestment period of nearly five and a half years. Chicago-based Madison Capital, a subsidiary of New York Life Insurance Co., serves as the originator and collateral manager for the fund.

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