Aviva Investors has acquired the Adriana Infrastructure collateralized loan obligation (CLO), extending the firm’s infrastructure debt and private debt franchise into the growing market for securitized real asset investments.
Established in 2008, the Adriana Infrastructure CLO is backed by a diversified portfolio of U.K. public-private partnership and private finance initiative loans. The transaction builds on Aviva Investors’ longstanding involvement with Adriana, having invested in the senior notes of the vehicle since 2013.
Darryl Murphy, head of infrastructure at Aviva Investors, said infrastructure debt continues to present attractive opportunities across a wide range of risk profiles, spanning both investment-grade and subinvestment-grade markets, where the firm already is an active lender in both the United Kingdom and Europe. Murphy said the new CLO vehicle will enable Aviva Investors to scale its origination capabilities, particularly in the subinvestment-
