Investcorp boosts AUM to $50bn with strategic buyout of CLO manager Marble Point

Alternative investment firm Investcorp has agreed to acquire Marble Point Credit Management.

Terms of the transaction were not disclosed, according to a Friday news release.

Marble Point focuses on collateralized loan obligations and portfolios of broadly syndicated leveraged loans, with $7.8 billion in assets under management.

Upon closing of the transaction — which is expected in the first quarter of 2023 — Marble Point will be combined with Investcorp Credit Management, a global credit platform with $14.2 billion in assets under management. The combined platform will manage $22bn in assets and rank among the top 15 CLO managers globally by AUM, the release noted.

Mohammed Alardhi, executive chairman of Investcorp, said that Investcorp, which you can meet at the UK Private Equity Conference, will have $50 billion in total assets under management.

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Thomas Shandell, CEO and chief investment officer of Marble Point, will lead the combined U.S. CLO and broadly syndicated loans business for Investcorp.

A spokeswoman for Investcorp said by email that Mr. Shandell’s title will be head of Investcorp Credit Management U.S.

Source: Pensions & Investments

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