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Home / transaction / Berkshire Global Advisors client Aladdin Capital Holdings is selling Landmark CLO funds to Sound Harbor Partners
Berkshire Global Advisors client Aladdin Capital Holdings is selling Landmark CLO funds to Sound Harbor Partners
  • has sold CLO funds to

    • Berkshire Global Advisors client Aladdin Capital Holdings is selling Landmark CLO funds to Sound Harbor Partners

  • Date: October 2012
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Private Debt
  • Region: North America
  • Seller AUM: $2.2 Billion

    • Seller Details
    Aladdin Capital Holdings LLC, Stamford, CT, is a structured fixed income asset manager with a global client base. Aladdin’s broad-based investment platform is comprised of asset-backed securities, bank loans, middle market loans, high grade bonds, high yield bonds, and structured credit investments. Upon sale of the Landmark CLO Funds, Aladdin will manage approximately $5.3 billion in 7 collateralized debt obligation (CDO) funds.

    Buyer Details
    Sound Harbor Partners LLC, New York, NY, is an alternative investment firm that provides private credit to middle market companies and manages the SHP Capital Solutions Fund L.P. Sound Harbor invests in secured loans, senior debt, subordinated debt and equity securities.

    Transaction Summary
    Sound Harbor Partners LLC announced a definitive agreement with Aladdin Capital Holdings LLC to acquire the management contracts on $2.2 billion of leveraged loans held in Aladdin’s collateralized loan obligation funds (the “Landmark CLO Funds”). This transaction will increase Sound Harbor’s assets under management and expand its ability to source attractive private credit investments.