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- Date Announced
- Seller AUM
- Stanfield Capital Partners LLC
- Carlyle Investment Management L.L.C (The Carlyle Group)
- April 29, 2010
- $5.1 Billion
Stanfield Capital Partners LLC is a leading asset manager of alternative fixed income strategies concentrating on non-investment grade loans. Founded in 1998, Stanfield's Managing Partners have worked together since 1992 and managed one of the first independently managed loan portfolios. Stanfield has one of the longest institutional track records in the corporate loan and structured credit business. Stanfield has $5.1 billion in assets under management.
Stanfield’s investment professionals are among the industry's longest tenured loan investors and are highly experienced in the structuring, documentation, syndication and trading of corporate loans and other credit-based products. Stanfield’s reputation and strong long-term performance have brought us to the forefront of the corporate credit market.
The Firm is among the most active players in the new-issue market and maintains deep and long-standing relationships with most dealers and trading desks. Stanfield is able to meet client’s risk/reward objectives by tailoring portfolios to fit their specific investment goals.
The Carlyle Group is a global private equity firm with $88.6 billion of assets under management committed to 67 funds as of December 31, 2009. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $59.6 billion of equity in 952 transactions for a total purchase price of approximately $233 billion. The Carlyle Group employs more than 860 people in 19 countries.
Carlyle Investment Management L.L.C., a business unit of The Carlyle Group, entered into a definitive purchase agreement with Stanfield Capital Partners LLC to acquire the Collateral Management Agreements for all 11 CLO funds currently managed by Stanfield, as well as the Investment Management Agreements for 3 of Stanfield's separate accounts. The eleven funds managed by Stanfield invest primarily in leveraged loans and high yield bonds. Total assets within the Stanfield funds and separate accounts are approximately $5.2 billion. Completion of the acquisition will not be finalized until certain necessary consents are received. The purchase price was not disclosed.
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