Marble Point acquires ACAS CLO Management
Connecticut-based CLO manager Marble Point Credit Management has acquired American Capital CLO Management for an undisclosed sum, the latest in a spate of industry mergers.
The deal, announced on Tuesday, will bring $3.4bn across seven CLOs issued by American Capital under the management of Marble Point.Despite predictions of widespread manager consolidation in 2016 and 2017 as a result of risk retention, a source familiar with the transaction said that the new ...
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