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Home / transaction / Berkshire Global Advisors client Hildene Leveraged Credit sells CLO business to Fortress
Berkshire Global Advisors client Hildene Leveraged Credit sells CLO business to Fortress
  • has been acquired by

    • Berkshire Global Advisors client Hildene Leveraged Credit sells CLO business to Fortress

  • Date: March 2016
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Private Debt
  • Region: North America
  • Seller AUM: $1.4 Billion

    • Seller Details
    Hildene Leveraged Credit (HLC) is a SEC-registered investment advisor based in New York City focused primarily on building attractive sub-investment grade credit portfolios.

    Buyer Details
    Fortress Investment Group LLC is a leading, highly diversified global investment firm with $70.5 billion in assets under management as of December 31, 2015. Founded in 1998, Fortress manages assets on behalf of over 1,700 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG).

    Transaction Summary
    Hildene Leveraged Credit, LLC (“HLC”) and an affiliate of Fortress Investment Group LLC (“Fortress”) announced that an affiliate of Fortress has agreed to purchase from HLC the management contracts for four CLOs with total assets of $1.4 billion. The sale marks HLC’s exit from the CLO business.