|
Laxman Pai, Opalesque Asia: Oaktree Capital Management, an American global asset management firm specializing in alternative investment strategies, acquired a majority stake in London-based private credit firm 17Capital.
17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds, and institutional investors that are seeking to finance value creation and portfolio management initiatives.
Oaktree, with $166 billion in assets under management, is a leader among global investment managers specializing in alternative investments, including credit, private equity, real assets, and listed equities.
Terms of the deal and the amount of the majority stake were not disclosed in a joint news release from the firms.
"This mutually beneficial partnership will strengthen both firms' standing as partners of choice in the private equity sponsor community. The partnership will give 17Capital access to Oaktree's deep global network and add to Oaktree's extensive suite of private capital solutions. Following the closing of the transaction, 17Capital, which is headquartered in London, will continue to operate as an independent business, with its own product offerings and investment, marketing, and support teams," said the release.
Armen Panossian, Head of Performing Credit at Oaktree, said: "We are pleased to welcome 17Capital and its employees to the extended Oaktree family at an exciting time for our growing private cr...................... To view our full article Click here
|
RSS
