MEDIA
16 Sep 2011 Polygon Hires New Chief Compliance Officer
LONDON, September 16, 2011 - Polygon Global Partners LLC announced the appointment of Jim Feeney as its new Chief Compliance Officer. Jim will be responsible for firmwide compliance and based in the New York office, reporting to Polygon's General Counsel, Sean Côté.
Jim was most recently Chief Compliance Officer of Commonfund Group, an investment advisory and broker dealer that manages assets for institutional and nonprofit investors. Prior to this, he worked in the Compliance Department of the Prudential Insurance Company of America. Mr. Feeney retired from the U.S. Marine Corps Reserve in 2006 as a lieutenant colonel after twenty years of military service on active duty and in the reserves. He is a graduate of St. Joseph's University and New York Law School.
Download PDF: Polygon Hires New Chief Compliance Officer
03 Jun 2011 LCM IX Closes
NEW YORK, June 03, 2011 - LCM Asset Management announced that it closed on an upsized $666.25 million collateralized loan obligation (CLO), making it the largest CLO issued so far this year. The senior notes are rated AAA/AAA by Standard & Poor's Ratings Services and Fitch Rating Services, respectively, and bear interest at three-month LIBOR plus 1.20%. Originally, the size of the CLO was $410 million.
The CLO, called LCM IX, includes:
- A $429 million AAA tranche with a coupon of 120 basis points over Libor;
- A $61.75 million AA tranche with a coupon of 185 basis points over Libor;
- A $53.5 million A tranche with a coupon of 285 basis points over Libor;
- A $32.5 million BBB tranche with a coupon of 375 basis points over Libor;
- A $26 million BB tranche upsized with a coupon of 420 basis points over Libor; and
- A $63.5 million equity tranche upsized from $39 million.
The CLO now includes the largest AAA and equity CLO tranches seen this year.
Download PDF: LCM IX Closes
06 May 2011 2011 HFMWeek Award Winner - Newcomer - Equity category
15 Apr 2011 2011 HFMWeek Award Nomination - Newcomer - Other category
08 Mar 2011 Polygon Launches Polygon Recovery Fund
LONDON, March 08, 2011 - Polygon Global Partners LLC announced today the launch of the Polygon Recovery Fund.
The Polygon Recovery Fund is a portfolio of less-liquid, mainly private equity legacy Polygon Global Opportunity Master Fund (PGOMF) assets which are being wound down in a self-liquidating investment vehicle. The structure of the fund allowed investors in the PGOMF the option to redeem out or roll into the new fund while honoring their high water mark. This fund is closed to new investors.
Donwload PDF: Polygon Launches Polygon Recovery Fund