Investcorp to acquire Marble Point Credit Management.

Investcorp, a global alternative investment firm, agreed to acquire Marble Point Credit Management, a collateralized loan obligations manager. Financial terms were not disclosed. "The proposed acquisition of Marble Point is a significant milestone in Investcorp's 40-year journey of growth through diversification, geographic expansion and building scale. With $50bn in total firm assets under management after completion of this acquisition, Investcorp is well-poised for the next phase of its evolution and development," Mohammed Alardhi, Investcorp Executive Chairman.