Wellfleet Credit Partners, the credit business of private investment firm Littlejohn & Co, has closed a USD457.8 million collateralised loan obligation (CLO), Wellfleet CLO 2017-1, the fourth CLO issuance for the firm. Benefitting from supportive market conditions and investor receptivity,
Advisors Asset Management (AAM) is to become the distributor for several Rothschild Asset Management separately managed accounts (SMAs), including Rothschild's US Large-Cap Core, US Large-Cap Value and US Balanced strategies. This agreement expands the scope of the existing partnership between
MJ Hudson, an asset management consultancy, has acquired Spring Associates Responsible Investment Service, an ESG (environmental, social and governance) consultancy and reporting business, based in Amsterdam. This acquisition follows MJ Hudson’s establishment, in January, of a legal practice in Milan,
Mediobanca is to acquire a 69 per cent interest in RAM Active Investments (RAM AI), a Switzerland-based systematic investment manager. RAM AI offers a range of actively managed and alternative systematic fundamental equity and tactical fixed-income funds to a wide
The European Energy Exchange (EEX) has acquired the remaining 12.3 per cent shareholding in French based Powernext from 3GRT and EDF. In doing so, EEX becomes the sole owner of Powernext with immediate effect. All parties involved in the transfer
Lalpina Water (American Premium Water Corporation), a producer of high-quality alkaline water, now has a New York hedge fund among its customers. In an effort to promote a healthy workplace, Blackbridge Capital has purchased a six-month supply of Lalpina Water
Abel Noser has finalised the management-led buyout (MBO) of the firm along with private equity fund Estancia Capital Partners. The transition of the business to the second generation of senior management after the retirement of its founding partners aims to
MMA Capital Management has entered into an agreement with an affiliate of TSSP, a special situations investment platform, to form a solar lending joint venture. The joint venture will operate under the name Renewable Energy Lending (REL) and will provide
Gottex Fund Management has completed the second tranche of its recapitalisation, with some 20,000,000 newly issued shares now trading on the SIX Swiss Exchange. Based on the issue price of CHF0.31 per newly issued share, the company expects to receive
Wealth managers Rathbones and Smith & Williamson are in talks to agree a merger which will create a GBP55 billion wealth management firm. Rathbones will effectively take over Smith & Williamson as the larger firm which manages GBP36 billion, against
