THL Credit Closes Acquisition of Kramer Van Kirk’s Collateral Management Business
BOSTON, Aug. 01, 2018 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC (“THL Credit” or “the Company”), an alternative credit investment advisor, announced today that it has closed the acquisition of the collateral management business of Kramer Van Kirk Credit Strategies LP. Terms of the private transaction were not disclosed.
This acquisition brings THL Credit’s total assets under management to over $15.5 billion. THL Credit manages both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. With today’s acquisition the firm now oversees 21 CLOs.
“This acquisition significantly bolsters THL Credit’s standing as a leading CLO manager,” said Chris Flynn, CEO of THL Credit. “Our augmented scale and expanded platform will allow us to bring greater resources to bear in generating quality risk adjusted returns for our investors.”
About THL Credit
THL Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. THL Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms, including THL Credit, Inc. (Nasdaq: TCRD), a publicly traded business development company, and THL Credit Senior Loan Fund (NYSE: TSLF), a non-diversified, closed-end management investment company.
Statements made in this press release may constitute forward-looking statements. Such statements reflect various assumptions by the Company concerning anticipated results and are not guarantees of future performance. The accuracy of such statements involves known and unknown risks, uncertainties and other factors that, in some ways, are beyond management’s control, including the factors described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.
Investor Contact:THL Credit Advisors LLC Michael Herzig (212) 829-3101
Media Contact:Doug Allen (646) 502-3530 email@example.com