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Bahrain-based Investcorp, a leading global alternative investment firm, has reached an agreement to acquire Marble Point, a major CLO (collateralized loan obligation) manager headquartered in the US with $7.8 billion worth of assets under management.
INVESTCORP TO AQUIRE MARBLE POINT CREDIT streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation. Marble Point Appoints Bob Sherman as Global Director of Strategic Development February 1, 2021 GMT GREENWICH, Conn.--(BUSINESS WIRE)--Feb 1, 2021-- Marble Point Credit Management LLC (“Marble Point”), a specialist investment manager focused exclusively on senior secured corporate loans, today announced that Bob Sherman has joined the firm as Global Director of Strategic Development, a newly created position. ADVERTISEMENT In this role, Mr. Sherman’s mandate will be to expand Marble Point’s existing $6 billion loan investment platform by defining, developing and distributing additional investment products and solutions to the institutional investment community.