LibreMax Capital LLC has announced that it has entered into an agreement to acquire Trimaran Advisors from KCAP Financial.
Trimaran currently manages six CLOs totaling about $3 billion in assets.
Following the transaction, Dominick Mazzitelli, Chief Investment Officer and head of the firm’s CLO platform, will continue to lead that business alongside the existing management team.
LibreMax Capital is a New York–based asset manager with around $2.9 billion that specializes in structured credit. LibreMax’s CIO is Greg Lippmann, who was previously the global head of Asset Backed Securities Trading at Deutsche Bank.
Closing is expected around year-end with Schulte Roth & Zabel LLP serving as legal counsel for LibreMax. — Andrew Park
LCD comps is an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.