Marble Point acquires ACAS CLO Management

By Max Adams
03 Jan 2017

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial