Alcentra takes on $7.6bn with Standish HY move

20 Sep 2012

The chairman of investment manager Alcentra has told EuroWeek that he believes his firm has been "propelled to the top table" of global sub-investment credit managers after it took on $7.6bn of assets with the integration of Standish Mellon Asset Management’s high yield bond team into Alcentra.

"There are probably only half a dozen managers who can say they’re truly global, and have over $20bn AUM in sub-investment credit," said David Forbes-Nixon, chairman and CEO of Alcentra.

The transaction will increase Alcentra’s assets under management from $15.2bn to $23bn from the start of 2013, when it ...

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