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Home / transaction / Berkshire Global Advisors acted as exclusive financial advisor to American Capital
Berkshire Global Advisors acted as exclusive financial advisor to American Capital
  • has been acquired by

    • Berkshire Global Advisors acted as exclusive financial advisor to American Capital

  • Date: January 2017
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Private Debt
  • Region: North America
  • Seller AUM: $3.4 Billion

    • Seller Details
    American Capital CLO Management is an investment manager that has approximately $3.4 billion in assets under management across eight collateralized loan obligation vehicles as of December 2016. It was a wholly owned indirect affiliate of American Capital Ltd.

    Buyer Details
    Marble Point is a boutique investment manager focused exclusively on investments in floating rate senior secured loans. The firm was founded by Thomas Shandell in partnership with Eagle Point Credit Management LLC.

    Transaction Summary
    With the acquisition, Marble Point Credit Management takes ownership of majority equity positions in seven of the eight collateralized loan obligation vehicles that American Capital CLO Management handles. American Capital CLO Management and the CLOs are expected to be rebranded as part of the Marble Point platform. The acquisition is expected to provide meaningful benefits to Marble Point and accelerates its business plans and objectives. The transaction will also diversify and significantly expand Marble Point’s investor base.