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The timing and nature of the firm's rebranding is a direct reflection of its global growth and business evolution.

"Today's announcement speaks to our international expansion, as we currently serve clients from 47 different countries around the world," said Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global as well as Chair of its Investment Committee. Moreover, as EnTrust Global continues to pivot from traditional alternatives products to provide differentiated investment offerings, the firm's business today encompasses an enhanced and global suite of capabilities.

Mr. Hymowitz continued, "We constantly strive to create innovative and dynamic investment opportunities for our clients. I believe this commitment is exemplified by the ongoing growth of our co-investments, as well as the expansion of our direct real asset business through both the maritime and aviation sectors."

The firm's co-investment business - which was incepted over 10 years ago - continues to grow in line with investor demand, nearing approximately half of EnTrust Global's $19.3 billion in total assets under management as of February 28, 2019.

Co-investments target high-conviction, opportunistic ideas from EnTrust Global's deep network of investment partners in the alternatives industry across a diverse range of strategies, geographies, and sectors.

EnTrust Global's real asset business focuses specifically on direct financing and leasing in the maritime and aviation sectors, where it believes the lack of bank lenders and the protection provided by the underlying collateral creates a compelling investment environment. EnTrust Global's real asset business currently comprises approximately $1 billion of committed capital.

The organization formerly known as EnTrustPermal was created in 2016 when EnTrust Capital, an independent hedge fund investor and alternative asset manager, joined with The Permal Group, Legg Mason's existing hedge fund platform.

Hymowitz co-founded EnTrust Capital in April 1997 following an investment career at Goldman Sachs. While the current announcement pertains to the rebranding of EnTrust Global, a formal legal name change to that effect will follow.