SEIX CLO MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 12 -20.00%
of those in investment advisory functions 10
Registration SEC, Approved, 10/27/2016
AUM* 704,606,938 -14.78%
of that, discretionary 704,606,938 -14.78%
Private Fund GAV* 704,606,938 -12.05%
Avg Account Size 352,303,469 -14.78%
SMA’s No
Private Funds 2
Contact Info 201 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

Recent News

Reported AUM

Discretionary
Non-discretionary
881M 755M 629M 504M 378M 252M 126M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeSecuritized Asset Fund Count2 GAV$704,606,938

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Brochure Summary

Overview

A. General Description of Advisory Firm Seix CLO Management LLC (“Seix CLO”) was formed in July 2016 to meet the requirement of the “risk retention” rules promulgated by U.S. federal regulators under the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into federal law on July 21, 2010 (“Dodd-Frank Act”). Effective December 24, 2016, the Dodd-Frank Act risk retention rules required a “securitizer” of “sponsor” of a Collateralized Loan Obligation vehicle (a “CLO”) to retain, directly or indirectly through a majority-owned affiliate, at least 5% of the credit risk of the securitized assets. Further, the European Union has regulations regarding risk retention in securitized assets (“EU Risk Retention Rules”). The Dodd-Frank risk retention rules do not apply to open market CLOs as of May 2018. Seix CLO will act as collateral manager for CLOs and intends to structure CLOs in such a manner as to comply with the EU Risk Retention Rules. Seix CLO is wholly owned by Seix CLO Management LP, a Cayman Islands limited partnership. Seix Investment Advisors, a division of Virtus Fixed Income Advisers, LLC (“Seix Advisors” and together with Seix CLO, “Seix”) wholly owns the general partner of Seix CLO Management LP. On June 1, 2017, RidgeWorth Capital Management was acquired by Virtus Investment Partners, Inc. (“Virtus”) and RidgeWorth changed its name to Virtus Fund Advisers, LLC
(“VFA”). Seix was a 100% owned subsidiary of VFA until January 1, 2018, when Seix became wholly owned by Virtus Partners, Inc., whose parent company is Virtus Investment Partners, Inc. Virtus, a publicly traded firm, is singularly committed to the long-term success of individual and institutional investors, offering asset management through its affiliated managers and select subadvisers (see www.virtus.com). Seix Investment Advisors became a division of Virtus Fixed Income Advisers, LLC (“VFIA”) effective July 1, 2022. VFIA is a wholly owned subsidiary of Virtus Partners, Inc. Seix CLO acts as collateral manager for CLOs and will not have any other client types. Seix CLO will accept any investment restrictions requested by or required by a CLO. Seix CLO provides discretionary investment management services to CLOs. B. Description of Advisory Services Seix provides discretionary “investment supervisory services” to two CLOs, which are privately placed offshore funds investing in loan and debt instruments and their Delaware co-issuers. Each CLO will have its own investment requirements, guidelines and restrictions. C. Assets Under Management Seix CLO had a total of $704,606,938 of discretionary assets under management as of December 31, 2023.