Nexus Capital Management and Aranda Principal Strategies (APS) are set to acquire minority ownership stakes in private credit-focused asset manager Post Advisory Group, which specialises in collateralised loan obligations (CLOs), structured credit products and leveraged loans.
As part of the deal, Principal Asset Management and Nippon Life Insurance Company will exit their ownership positions, Post said in a statement.
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Senior employees at Post will roll their existing equity stakes and invest additional capital to make the company majority employee equity-owned.
Nexus and APS will also make substantial investments in Post as part of the transaction, helping to enhance its investment capabilities and grow its platform. Post will continue to operate as an independent investment firm.
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“This transition marks an exciting new chapter for Post,” said Jeffrey Stroll, chief executive of Post Advisory Group. “Our entire team will be staying in place to ensure consistency in our investment approach and our dedication to delivering strong results for our clients.
“The new ownership structure, combined with the capital commitments from Nexus and APS, gives us additional resources to develop new capabilities, further enhance our platform, and expand partnerships with global investors seeking credit-related investment solutions that deliver attractive outcomes.”
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