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Alternative Market Briefing

Morgan Creek Capital Management to acquire Signet Capital Management

Wednesday, May 22, 2013

Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek's platform. The deal is expected to close this quarter and still awaits regulatory approval.

The current senior management team at Signet—including the firm’s Founder and Co-Head of Investment Management, Mr. Marquardt, and CEO and Co-Head of Investment Management, Dr. Serge Umansky—will join Morgan Creek and continue their current roles serving clients of Signet’s funds as well as complementing Morgan Creek’s fixed income capabilities. Signet’s offices in London, and Lausanne, Switzerland, will become part of Morgan Creek’s global network.

This is the second big expansion of Morgan Creek's global presence, the firm announced additions to its Asia team late last year. Mark W. Yusko, the Chief Investment Officer of Morgan Creek first established the Shanghai office in 2007, and it is now one of the larger foreign investment firms in Asia.

"We are excited to have Bob, Serge and the entire Signet team join Morgan Creek, a union that will benefit both our present and future clients," Yusko said in a statement. "This agreement rep......................

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