Fund Overview:
The Phoenix Ogen is a partnership registered in the Cayman Islands, that started to February 2018, and managed by the Phoenix Capital. The fund is classified as an alternative credit fund that specializes in structured credit products in the US, mainly CLO bonds. The fund’s investments are managed by Credit Suisse Asset Management, a division of Credit Suisse bank, that manages investments in a wide variety of assets as well as investment opportunities, and is ranked as one of the two leading global institutions, as ranked by CLO managers.

Strategy:
The fund invests in corporate credit in the United States, through the purchase of CLO bonds with an international BB rating. It nvests in CLO bonds both at the time of their issuance (the primary market) and after their issuance (the secondary market). The fund focuses on a “buy-and-hold” strategy until maturity, and therefore invests in portfolios managed by executives who are considered Tier 1. Each CLO consists of hundreds of core assets, which are bank loans to companies with variable interest rates, usually from syndication of loans from several banks. The focuse is on the mezzanine layers and the BB rating layer.