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Alternative Asset Manager, Investcorp to Buy CLO Manager Marble Point Credit Management

Investcorp to Buy CLO Manager Marble Point Credit Management

Investcorp, a global alternative asset manager, has agreed to buy US-based Marble Point Credit Management, a business focused on collateralized loan obligations (CLOs). Financial terms of the deal were not provided.

Marble Point focuses exclusively on CLOs, which is a single security backed by a pool of debt, and portfolios of broadly syndicated leveraged loans, with $7.8 billion in assets under management.

Mohammed Alardhi, Executive Chairman of Investcorp, said, “With $50 billion in total firm assets under management (currently $47.2bn) after completion of this acquisition, Investcorp is well poised for the next phase of its evolution and development.”

Upon closure of the deal, 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 $22 billion in assets and rank among the top 15 CLO managers globally by assets, according to the company.

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

Pictured: Mohammed Alardhi, Executive Chairman of Investcorp

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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