Alternative investments manager Investcorp finalized its acquisition of a majority stake in CM Investment Partners LLC, which acts as the investment adviser to Investcorp Credit Management BDC Inc.
Additional terms of the transaction were not disclosed.
Under the deal, which marks Investcorp's foray into middle-market lending in the U.S., CM Investment Partners will be a part of Investcorp's credit management business. Investcorp Credit Management BDC Chairman and CEO Michael Mauer, who is also co-chief investment officer of CM Investment Partners, will become co-head of Investcorp Credit Management U.S. along with Jim Feeley.
Investcorp Credit Management BDC was formerly known as CM Finance Inc.
