CarVal’s independence backed by five-year Cargill loan
CarVal Investors’ management buy-out from parent company Cargill will be financed with a five-year term loan from Cargill alongside equity contributions by management, documents seen by Creditflux reveal.

Investcorp adds fund placement business as it brings Mercury buyout to the boil
The transaction for the alternatives placement agent will help “serve investors worldwide with an array of attractive opportunities in alternative investments”, says Investcorp

Moving on from the late 2018 hangover
It might be too early to call a full recovery, but it’s fair to say that the US loan market is back on track with $48 billion of institutional issuance in 2019 — 88% of which is made up of new issues

Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

$1.8 billion manager Shelton buys credit manager Cedar Ridge
The $1.85 billion multi-asset manager has bought credit-focused firm Cedar Ridge Partners

Investcorp adds ex-Anteil officials to run manager buy-out business
The new strategy will focus on acquiring up to 25% stakes in mid-sized alternative asset managers

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

White Oak acquires interest in municipal credit fund manager FCO
White Oak Equity Partners, which purchases interests in alternative asset managers, has acquired a minority interest in alternative municipal strategy specialist FCO Advisors

Zais hit with class action filing over proposed go-private deal
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private

Brookfield buys 25% stake in European credit manager
Brookfield has acquired a 25% stake in Link Financial Group, the parent company of European credit specialist LCM Partners

Fidante acquires minority stake in credit fund manager Latigo
Fidante Partners has today announced that it has acquired a minority stake in Latigo Partners, a credit asset manager.

Deutsche Bank looks to raise up to €1.8 billion in partial IPO of DWS
Deutsche Bank has unveiled further details of the Initial Public Offering of its asset management business, as well as a deal with Japanese insurer Nippon Life

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Bless the bonds down in Africa, urges Botswana firm launching two debt funds
An Africa-focused asset management company run by a former Investec and T Rowe Price professional is promoting the launch of one debt fund – and says it now plans to launch another

Joint offering from Allfunds and INTL FCStone targets institutional investors
New York-based financial services firm INTL FCStone Financial has entered into an agreement offshore mutual fund distribution platform Allfunds Bank, which offers access to more than 57,000 funds

Altegris and Artivest merge to form alternatives investment platform
Alternative investment research and management firm Altegris, based in La Jolla in California, has merged with New York-based alternative investment technology firm Artivest

Global consulting firm acquires Japanese multi-management platform
Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies, has acquired the Japanese hedge fund multi-manager BFC Asset Management

Cleveland multi-boutique plans IPO as it targets $100 million via share issue
Victory Capital, a multiboutique asset management firm based in Cleveland, is going public

Investcorp brings long-short manager onto its hedge funds partnership platform
Alternative invesmtent manager Investcorp has announced its strategic partnership with Steamboat Capital Partners through its Hedge Funds Partnerships platform

London boutique manager to buy Banca Carige's consumer credit unit
Banca Carige, based in Genoa, has entered into exclusive negotiations with London-based Chenavari over the sale of the bank's credit unit, Creditis Servizi Finanziari

Harvest acquires $1.9 billion investment manager Astor
JMP Group's subsidiary Harvest Capital Strategies has made a minority investment in Astor Investment Management, according to an announcement today

Investors approve appointment of Aberdeen as advisor on Avenue fund
Shareholders of the Avenue Income Credit Strategies Fund have approved a new advisory and sub-advisory agreement for the fund

BNY to merge three of its asset managers
BNY Mellon Investment Management plans to merge three of its managers into one entity that will oversee $560 billion in assets

Aberdeen poised to take over and rebrand Avenue credit fund
Avenue Capital Group’s Income Credit Strategies Closed-End Fund is poised to switch managers and names, with Aberdeen Asset Managers taking over as investment advisor and Aberdeen Asset Management serving as subadvisor, subject to shareholder approval