Seller Details
Regiment Capital Advisors is a Boston-based investment manager formed in 1999. The firm focuses on managing fixed income credit-related strategies, including high yield hedge funds and structured products. Regiment’s investors include a broad range of leading U.S. endowments, foundations, health care and financial institutions, state and corporate pension plans, and family offices.
Buyer Details
Sankaty Advisors is the global credit affiliate of Bain Capital and one of the world’s leading private managers of fixed income and credit instruments. Founded in 1998 and now managing more than $26 billion of assets, Sankaty has an integrated team of more than 230 people that enables the firm to invest up and down the capital structure and to conduct rigorous, independent analysis of thousands of corporate issuers. Sankaty invests in a wide variety of securities and investments globally, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, structured products, real estate and equities.
Transaction Summary
Sankaty Advisors, the global credit affiliate of Bain Capital, and Regiment Capital Advisors, a Boston-based investment manager, announced the signing of a definitive agreement for Sankaty to acquire the management contracts for four portfolios of collateralized loan obligations (“CLOs”) totaling $1.6 billion of assets from Regiment.