Sagard, HalseyPoint Asset Management enter into strategic partnership

Alternative asset manager Sagard acquires 40% stake in HalseyPoint CLO platform to help accelerate next phase of growth - Platform to be co-branded Sagard | HalseyPoint
BusinessWireMarch 15, 20244 min

HalseyPoint, a U.S.-based CLO manager signed a definitive agreement to form a strategic partnership with Sagard, a global multi-strategy alternative asset management firm with over US$25B under management1. The HalseyPoint CLO strategy broadens Sagard’s credit offering, which includes opportunistic credit and senior lending across North America.

Following the transaction, HalseyPoint Co-Founders and Managing Partners, Yvonne Stevens and Lynn Hopton, and Sagard will each have equal equity ownership stakes in HalseyPoint, with a continued minority holding by A-CAP, a privately-held insurance and financial services business and original equity investor in HalseyPoint.

On the strategic significance of the transaction, Lynn Hopton and Yvonne Stevens commented, “We are excited to be partnering with Sagard given their impressive investor base and extensive network as a global multi-strategy alternative asset manager with a strong credit franchise. We believe the firm is a perfect fit for us as we enter a new phase of growth and continue to build the HalseyPoint platform into a leading CLO manager.”

HalseyPoint was launched in July 2019 to issue and manage CLOs. To date, it has raised 7 CLOs totalling over US$3.2B focused on the U.S. leveraged loan and high-yield bond asset class. The team at HalseyPoint is comprised of dedicated credit analysts, traders, operations professionals, and portfolio managers. Prior to founding HalseyPoint, Lynn and Yvonne spent 18 years co-heading the CLO effort at Columbia Management, where they raised over US$12B in AUM in 22 CLO structures.

“Lynn, Yvonne and the entire HalseyPoint team bring a strong track record of delivering results to investors in the CLOs they have raised since forming HalseyPoint,” said Adam Vigna, Managing Partner and CIO at Sagard. “The goal of our partnership is to become a leader in this investment strategy by combining HalseyPoint’s proven expertise with the power of Sagard’s distribution capability and access to CLO equity capital. CLOs offer our investing partners a new access point for investing in U.S. corporate credit and will allow us to accelerate our growth in a dynamic and expanding part of the capital markets.”

In the coming weeks, HalseyPoint will be co-branded as Sagard | HalseyPoint to reflect its new strategic partnership.

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