Announced
Completed
Financials
Tags
Friendly
Majority
Private Equity
alternative asset management
United States
Single Bidder
Acquisition
Private
Private Equity
Completed
Cross Border
Synopsis
Sound Point Capital, a credit-oriented investment manager overseeing approximately $32bn in total assets, completed the acquisition of Assured Investment Management, a diversified alternative asset manager from Assured Guaranty, a provider of financial guaranty insurance, for $429m. "This is a watershed event in Sound Point’s growth story, and it positions us for continued success in a business where scale has become increasingly important. It’s our largest transaction to date, and we’re extremely proud to be receiving a one-billion-dollar investment commitment over time from Assured Guaranty. We’re thrilled to be expanding our diversified platform through a powerful new partnership that will create immediate impact," Stephen Ketchum, Sound Point Founder and Managing Partner.
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