Cross Ocean Partners, a global credit investment manager, completed the acquisition of Bosphorus European CLO platform from Commerzbank, a global German universal bank. Financial terms were not disclosed. "We are very happy to have welcomed Guy and his team to Cross Ocean. The team's ability to issue CLOs in the current market environment is a testament to their track record and experience. We are committed to building a best-in-class global credit manager and view the strategy as being highly complementary to our existing credit business." Graham Goldsmith and Steve Zander, Cross Ocean Co-CIOs.