Maranon Capital, L.P. (“Maranon”) announced the closing of Maranon Loan Funding 2021-3, Ltd., a $400 million collateralized loan obligation (“CLO”). This represents the eighth CLO issued by Maranon.

Maranon Loan Funding 2021-3 will primarily invest in leveraged loans to middle market, private equity-backed companies. The transaction was structured to comply with U.S. risk-retention requirements and has a two-year non-call period and a four-year reinvestment period.