Dyal Capital Partners (Dyal), a division of Neuberger Berman, has acquired a passive minority stake in TowerBrook Capital Partners (TowerBrook), a London and New York-based international investment firm. Dyal’s investment into TowerBrook’s management company will provide additional balance sheet capital, enabling TowerBrook to increase its commitment to its funds under management, strengthen the foundations of the firm and further pursue its successful investment strategy.
Dyal’s investment builds on the successful 2015 investment by Wafra Strategic Investors, which will remain a minority investor alongside Dyal. TowerBrook’s partnership with Dyal will have no impact on the day-to-day management or operations of TowerBrook, and the firm’s investment and decision-making processes will also remain unchanged.
“We are delighted to welcome Dyal as an investor,” says Ramez Sousou and Neal Moszkowski, Founders, co-Chairs and co-CEOs of TowerBrook. “Dyal has a distinguished track record of partnering with some of our industry’s most respected names, and its investment is a strong endorsement of TowerBrook’s values, strategy and performance. We are excited by the opportunities ahead as we enter our third decade as a firm, and Dyal’s investment will help us to build on the success of the last 20 years.”
Michael Rees, Head of Dyal Capital Partners, says: “We are pleased to be partnering with TowerBrook, a firm that we have admired for some time. TowerBrook’s culture and values are closely aligned with our own, and the firm has a talented team and high-quality portfolio across Europe and the US. We look forward to supporting the TowerBrook team as they continue to execute their successful investment strategy.”
