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Tortoise Credit Strategies completes MBO of Bradford & Marzec

Tortoise Credit Strategies, part of the Tortoise Investments family, has completed the previously announced management buy-out by key Bradford & Marzec employees and Tortoise Credit Strategies.

Bradford & Marzec’s team-based investment decision process, utilised for 32 years through numerous business and economic cycles, and the core investment team remain the same. Employees and firm management now collectively own approximately 37 per cent, with the remainder owned by Tortoise Investments. Founders Ted Bradford and Zelda Marzec exited their equity positions and remain employees to ensure a smooth transition.

The Tortoise family has a long history in income and energy investing, with a disciplined investment approach rooted in credit analysis and managing risk. The addition of the Bradford & Marzec team expands Tortoise Credit Strategies’ investment solutions and research capabilities in the diverse global fixed income market.

“We are excited to officially welcome the Bradford & Marzec team to Tortoise,” says Tortoise Credit Strategies’ Chief Executive Officer and Chief Investment Officer Brad Beman. “The team’s consistent track record, expertise and long-standing reputation for delivering institutional-calibre fixed income solutions provide a strong strategic platform for the business.”

Colchester Partners acted as financial advisor to Bradford & Marzec in this transaction. Financial terms of the transaction were not disclosed.

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