Overview
Partners Group US Management CLO LLC (the “Adviser"), a Delaware limited liability
company founded in 2017, provides discretionary investment advisory services as collateral
manager to structured debt vehicles known as Collateralized Loan Obligations (hereinafter
referred to as "Clients," "CLOs," “the Issuer”, and each a "Relevant CLO"). As collateral
manager, the Adviser will transact primarily in senior secured debt securities, subordinated
debt securities, high-yield debt securities and certain other securities (hereinafter referred to
as "Collateral Obligations") in accordance with the investment guidelines provided by the
Collateral Management Agreement (as defined below), indenture, and/or offering circular
(the “governing documents”) for each Relevant CLO. No individual Client can impose
restrictions on investing in certain securities or certain types of securities other than such
restrictions found in the Relevant CLO’s governing documents.
The Adviser is wholly owned by Partners Group (USA) Inc. ("PG USA"), a Delaware
corporation and registered investment adviser with the SEC. PG USA is wholly owned by
Partners Group Holding AG, a Swiss corporation. Partners Group Holding AG is a public
company in Switzerland and is listed on the SIX Swiss Exchange (ticker: PGHN).
The Adviser does not participate
in any Wrap Fee Programs.
The Adviser manages Relevant CLO portfolios of Collateral Obligations on a discretionary
basis; the Adviser will not manage any assets on a non-discretionary basis. As of December
29, 2023, the Adviser has regulatory assets under management of approximately
$5,351,036,315.
Partners Group has global capabilities available to the Adviser’s clients in as seamless a
manner as practical within a varying global regulatory framework. The Adviser uses the
services of one or more affiliates (or appropriate personnel thereof) for investment advice,
investment management, portfolio execution and trading, operational support, and client
servicing in their local or regional markets or their areas of special expertise, except to the
extent explicitly restricted by the Client in/or pursuant to its governing documents, or
inconsistent with applicable law. Arrangements among affiliates take a variety of forms,
including but not limited to dual employee, delegation, participating affiliate, sub-advisory,
sub-agency, administrative or other servicing agreements. In these circumstances, the
Adviser remains fully responsible for its Clients from a legal and contractual perspective. No
additional fees are charged for the affiliates’ services except as set forth in the Relevant CLO's
governing documents.