PR99073

NEW YORK, Dec. 2, 2022 /PRNewswire=KYODO JBN/ -

- Investcorp AUM to reach $50 billion

- Combination will create top 15 global CLO manager

Investcorp, a leading global alternative investment firm, today announced it

has agreed to acquire Marble Point Credit Management LLC (Marble Point), a

leading US-based CLO manager. Specific terms of the transaction were not

disclosed.

Photo -

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"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 provides an ideal platform to realize the next

exciting phase of our continued growth and advancement as a leading credit

manager."

"Our combined platforms represent a formidable player in the credit markets,

significantly enhancing our profile in the eyes of capital markets

participants," added Corey Geis, who will serve as Director of Capital Markets,

Head Trader and Portfolio Manager at Investcorp.

Thomas Majewski, Founder and Managing Partner of Eagle Point added, "Over the

past seven years, Tom and Corey have built Marble Point into a very strong

platform. It has been an absolute pleasure working with them and I believe

their new combined platform is well positioned for the future."

Upon closing of the transaction, Marble Point will be combined with Investcorp

Credit Management, a global credit platform with $14.2 billion in assets under

management and an 18-year history of investing across credit markets worldwide.

The combined platform will manage $22 billion in assets and rank among the top

15 CLO managers globally by AUM.

Rishi Kapoor, Co-Chief Executive Officer of Investcorp with oversight of its

credit businesses said, "This is an exciting moment for us and we are looking

forward to having Tom, Corey and the entire Marble Point team join us at

Investcorp. This strategic acquisition reaffirms our commitment to continue to

grow and expand Investcorp's credit management platform and be a leading global

provider of an array of credit-focused products and solutions to our clients."

Jeremy Ghose, Global Head of Investcorp Credit Management, added, "This

acquisition will result in a $22 billion total AUM credit management business

with meaningful scale across both US and Europe, and we look forward to further

growing the business."

The transaction, which is expected to close in the first quarter of 2023, is

subject to customary regulatory requirements and closing conditions.

About Investcorp

Investcorp is a global investment manager, specializing in alternative

investments across private equity, real estate, credit, absolute return

strategies, GP stakes, infrastructure, and insurance asset management. Since

our inception in 1982, we have focused on generating attractive returns for our

clients while creating long-term value in our investee companies and for our

shareholders as a prudent and responsible investor.

Investcorp has today 13 offices across the US, Europe, GCC and Asia, including

India, China and Singapore. Currently, Investcorp Group has over $42.7 billion

in total AUM, including assets managed by third party managers, and employs

approximately 480 people from 50 nationalities globally across its offices.

For further information, visit http://www.investcorp.com/ and follow us

@Investcorp on LinkedIn[http://www.linkedin.com/company/Investcorp],

Twitter[https://twitter.com/Investcorp] and

Instagram[http://www.instagram.com/investcorp].

About Marble Point Credit Management LLC

With $7.8 billion of AUM, Marble Point is a specialist asset manager focused

exclusively on loans. Marble Point is led by Thomas Shandell (CEO and CIO), a

38-year veteran of the credit markets, and Corey Geis (Director of Capital

Markets and Head Trader), with 27 years of experience. Marble Point is the

external manager of Marble Point Loan Financing Limited (LSE: MPLF). Marble

Point is an affiliate of Eagle Point Credit Management LLC.

About Eagle Point Credit Management LLC

Eagle Point Credit Management is a specialist investment manager focused on

investing in CLO Securities, Portfolio Debt Securities and other credit

investments. Based in Greenwich, Connecticut, as of September 2022, Eagle Point

manages over $7.3 billion of assets for institutional and retail clients

globally. For further information, visit http://www.eaglepointcredit.com/ and

follow us on LinkedIn[https://www.linkedin.com/company/7602703].

Source: Investcorp 

Media Contacts

Investcorp

Katherine Segura, Nada Abdulghani

+1 929-528-5248 (US), +973 17515467 (Bahrain)

corpcomms@Investcorp.com

Marble Point and Eagle Point

Brian Ruby

+1 203-682-8268

brian.ruby@icrinc.com