Sagard, a global multi-strategy alternative investment fund with over $25bn in AUM across venture capital, private equity, private credit, real estate and royalties, is to acquire a 40% stake in US-based CLO manager HalseyPoint.
Ina press statement, Sagard said that HalseyPoint’s CLO strategy will broaden its credit offering, which includes opportunistic credit and senior lending across North America.
Following the transaction, HalseyPoint’s Co-Founders and Managing Partners Yvonne Stevens and Lynn Hopton as well as Sagard will each have equal equity ownership stakes in HalseyPoint, with a continued minority holding by A-CAP, a privately held insurance and financial services business and original equity investor in the firm.
HalseyPoint was launched in July 2019 to issue and manage CLOs. To date, it has raised seven CLOs totalling over $3.2bn focused on US leveraged loans and high-yield bonds.
In the coming weeks, HalseyPoint will be co-branded as Sagard | HalseyPoint to reflect the new partnership.
