Embracing
complexity
Tetragon Credit Partners is a structured credit investing business focused on control CLO equity as well as a broader series of offerings across the CLO capital structure.
“We embrace the complexity inherent in CLO investing, from identifying and working with leading loan managers to securing structural enhancements which may support returns and provide protections in times of stress.”
Firm highlights
- Highly experienced investment team
- Consistent cash generation across varied credit cycles
- Active focus on CLO structuring and portfolio design
- Technology-focused analytical and research systems
Our history
In 2005, the principals of Tetragon Credit Partners were part of the founding team of Tetragon Financial Group Limited, a publicly-listed closed-ended investment company which was originally focused on control CLO equity investments.
In 2015, the team launched Tetragon Credit Partners to primarily manage third-party capital and it became one of the asset management businesses of TFG Asset Management, which is the diversified alternative asset management platform of Tetragon Financial Group Limited. The platform has $40 billion in AUM across 9 asset managers(3) and provides Tetragon Credit Partners with operating infrastructure, including experienced functional expertise in credit and structured credit. Tetragon Financial Group is also a key investor in Tetragon Credit Partner products.
Meet our investment team
In the news
Dagmara Michalczuk, Co-CIO, spoke with David Graubard at CreditSights about navigating the current CLO markets
CreditSights, April 24, 2025
Dagmara noted the value of carefully constructed portfolios as well as tactical investment timing seeking to capture opportunities that may be created by elevated asset price volatility.
Co-Chief Investment Officer, Dagmara Michalczuk spoke with Hugh Minch for the Octus Radio podcast.
Apple Podcasts, June 3, 2024
They discussed the changes in the CLO market since 2023, the impact of tightening spreads and the evolving investor landscape.
CLO Market Outlook and Trends
ReOrg, June 3, 2024
A discussion on the techinical landscape influencing investments in the CLO market amid a supply/demand imbalance.
Creaky Credit Parks ‘High’ dispersion in CLO Pricing
Risk.net, August, 2023
“There’s a lot of concentrated liquidity at the top of the CLO capital structure, where very few large investors drive tighter pricing”.
A CLO ‘grab’ for short-dated loans is buoying prices
Risk.net, July 25, 2023
During periods of distress, loan prices generally have held up at levels that “probably would not have been possible without this very consistent demand from legacy CLOs”, says Dagmara Michalczuk, Portfolio Manager at Tetragon Credit Partners.
Pre-Conference Conversation with Dagmara Michalczuk
IMN, April 23, 2023
With the highly anticipated US CLOs and Leveraged Loans conference fast approaching, IMN spoke with esteemed speaker Dagmara Michalczuk.