Sankaty to acquire CLOs with $1.6 billion of assets from Regiment

By Angela McDaniels

Tacoma, Wash., Nov. 16 – Sankaty Advisors LLC will acquire the management contracts for four portfolios of collateralized loan obligations totaling $1.6 billion of assets from Regiment Capital Advisors, according to a company news release.

The management contracts to be transferred are for Cavalry CLO II, Ltd., Cavalry CLO III, Ltd., Cavalry CLO IV, Ltd. and Cavalry CLO V, Ltd.

Financial terms were not disclosed.

The companies expect the transaction to be completed by the end of 2015.

Sankaty said it has managed 27 CLOs since its inception and currently has 12 CLOs in the United States and Europe under its management.

The acquisition of the Cavalry CLO contracts will bring Sankaty’s CLO assets under management to $7.8 billion.

Sankaty is a Boston-based private manager of fixed-income and credit instruments and the global credit affiliate of Bain Capital.

Regiment Capital Advisors is a Boston-based investment manager focused on fixed-income credit-related strategies.

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