Bahrain’s Investcorp to acquire US asset manager Marble Point

Bahrain’s Investcorp to acquire US asset manager Marble Point

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Bahrain / Gulf Time

Investcorp, a leading global alternative investment firm, on Monday announced it has agreed to acquire Marble Point Credit Management LLC (Marble Point), a leading US-based collateralised loan obligation (CLO) manager.

“The proposed acquisition of Marble Point is a significant milestone in Investcorp’s 40-year journey of growth through diversification, geographic expansion and building scale. With $50 billion in total firm assets under management after completion of this acquisition, Investcorp is well-poised for the next phase of its evolution and development,” said Mohammed Alardhi, Executive Chairman of Investcorp.

With $7.8 billion of assets under management, Marble Point is a specialist asset manager focused exclusively on managing CLOs and portfolios of broadly syndicated leveraged loans. Marble Point is led by Thomas Shandell, a 38-year veteran of the credit markets, and Corey Geis, with 27 years of experience. Marble Point is an affiliate of Eagle Point Credit Management LLC.

“We are excited to be joining Investcorp,” said Tom Shandell, who will lead the combined US CLO and broadly syndicated loans business for Investcorp. “Investcorp’s credit business has been one of the primary engines in its impressive global expansion and