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CEO Rob Sharps says the fund has raised $100 million since the end of September, and T. Rowe anticipates pulling in a similar amount in the first quarter.
The loan proceeds along with cash from Citrix’s earlier sale of the startup Wrike has now paid down about half the original preferred equity sum of $2.5 billion.
November 20, 2023
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Companies have roughly half a trillion dollars of leveraged loans coming due in the next three years, and CLOs control about 70 percent of the U.S. corporate loan market.