trimaran advisors

LibreMax Capital to Acquire Trimaran Advisors

Adds $3 Billion Collateralized Loan Obligations Business

NEW YORK--( BUSINESS WIRE )--LibreMax Capital, LLC (“LibreMax”), an asset management firm specializing in structured credit, today announced that an affiliate has entered into a definitive agreement to acquire Trimaran Advisors, LLC, a U.S.-based investment manager with expertise in managing collateralized loan obligations (“CLOs”), and certain affiliated companies (“Trimaran”), from KCAP Financial Inc. (Nasdaq:KCAP).

Trimaran currently manages six CLOs with approximately $3 billion of assets under management. Following the close of the transaction, Trimaran’s Chief Investment Officer and head of its CLO platform, Dominick Mazzitelli, will continue to lead the business, supported by the existing management team.

“ Trimaran is a well-respected CLO manager with a seasoned team of investment professionals, whose strategy complements our deep structured credit expertise,” said Greg Lippmann, Chief Investment Officer of LibreMax. “ The addition of Trimaran expands our core products — diversifying our platform and offering our investors access to an asset class that has performed well through various credit cycles.”

Mr. Mazzitelli added, “ LibreMax’s significant experience investing across a broad range of structured credit assets makes the firm a great fit for our platform. We look forward to working with the LibreMax team to provide its investors with attractive opportunities across the leveraged loan market.”

The transaction is subject to customary closing conditions and is expected to close by year end.

Schulte Roth & Zabel LLP served as legal counsel for LibreMax on the transaction.

About LibreMax Capital

Founded in 2010, LibreMax Capital, LLC is a New York-based asset management firm specializing in structured credit with $2.9 billion in assets under management.

Jonathan Gasthalter/Amanda Klein Gasthalter & Co. 212-257-4170

• S&P Dow Jones Indices
• S&P Global Market Intelligence
• S&P Global Mobility
• S&P Global Commodity Insights
• S&P Global Ratings
• S&P Global Sustainable1
• Investor Relations Overview
• Investor Presentations
• Investor Fact Book
• News Releases
• Quarterly Earnings
• SEC Filings & Reports
• Executive Committee
• Corporate Governance
• Merger Information
• Stock & Dividends
• Shareholder Services
• Contact Investor Relations
• Email Subscription Center
• Media Center

LibreMax Capital to acquire Trimaran Advisors and $3B of CLOs

Fed rally & default fears bring bifurcation back to leveraged loans

Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize

Loan Downgrades Are the Biggest Concern for the European CLO Market

Europe’s Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity

• 12 Nov, 2018 | 19:55
• Theme Capital Markets Leveraged Finance & High Yield
• Segment Corporations Investment Banking Investment Management Private Equity
• Tags Leveraged Commentary and Data

LibreMax Capital LLC has announced that it has entered into an agreement to acquire Trimaran Advisors from KCAP Financial.

Trimaran currently manages six CLOs totaling about $3 billion in assets.

Following the transaction,  Dominick Mazzitelli , Chief Investment Officer and head of the firm’s CLO platform, will continue to lead that business alongside the existing management team.

LibreMax Capital is a New York–based asset manager with around $2.9 billion that specializes in structured credit. LibreMax’s CIO is  Greg Lippmann , who was previously the global head of Asset Backed Securities Trading at Deutsche Bank.

Closing is expected around year-end with Schulte Roth & Zabel LLP serving as legal counsel for LibreMax. —  Andrew Park

Try LCD for Free! News, analysis, data

Follow LCD on Twitter.

LCD comps is an offering of  S&P Global Market Intelligence . LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD  here .

• Capital Markets Leveraged Finance & High Yield
• Corporations Investment Banking Investment Management Private Equity
• Leveraged Commentary and Data

Profile Report

Trimaran Advisors, LLC

Fri 15 Mar, 2024 - 3:00 PM ET

Fitch's 2024 CLO Asset Manager profile for Trimaran Advisors, LLC.

Search Investor Relations

Press release, kohlberg capital corporation announces acquisition of trimaran advisors, l.l.c..

NEW YORK , Feb. 29, 2012 (GLOBE NEWSWIRE) -- Kohlberg Capital Corporation (Nasdaq:KCAP) (" Kohlberg Capital ") has completed the acquisition of Trimaran Advisors, L.L.C. (" Trimaran Advisors "), along with equity interests in certain collateralized loan obligation ("CLO") funds managed by Trimaran Advisors . The purchase price consisted of approximately $25 million in cash and 3,600,000 shares of Kohlberg Capital common stock.

Trimaran Advisors , founded in 1998, is a credit-based alternative asset manager that currently manages four CLO funds with aggregate assets under management of approximately $1.5 billion . Trimaran Advisors focuses primarily on below investment grade corporate debt, using primary credit research to identify attractive investment opportunities and monitor the credits in the investment portfolios. 

Dayl Pearson , President and Chief Executive Officer of Kohlberg Capital . 

Michael Wirth , Chief Financial Officer.

Dominick Mazzitelli , the Portfolio Manager of the Trimaran Advisors CLO funds, will continue in that role, and will be assisted by additional Trimaran Advisors investment professionals expanding and enhancing the current KDA team.

About Kohlberg Capital Corporation :

Kohlberg Capital Corporation is a publicly traded, internally managed business development company. Our middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. Our wholly-owned portfolio companies, Katonah Debt Advisors and Trimaran Advisors , manage CLO funds that invest in broadly syndicated corporate term loans, high-yield bonds and other credit instruments.

Kohlberg Capital Corporation's filings with the Securities and Exchange Commission , earnings releases, press releases and other financial, operational and governance information are available on the Company's website at www.kohlbergcapital.com .

The Kohlberg Capital logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3121

Safe Harbor Statement under the Private Securities Litigation reform Act of 1995:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The matters discussed in this press release, as well as in future oral and written statements by management of Kohlberg Capital Corporation , that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. Important assumptions include our ability to originate new investments and achieve certain margins and levels of profitability, the availability of additional capital, the ability to maintain certain debt to asset ratios and the ability to successfully integrate Trimaran Advisors , realize the anticipated synergies and retain the employees of Trimaran Advisors . In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this press release should not be regarded as a representation by us that our plans or objectives will be achieved. Further information about factors that could affect our financial and other results is included in our filings with the Securities and Exchange Commission . We do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required to be reported under the rules and regulations of the Securities and Exchange Commission .

News Provided by Acquire Media

Trimaran Advisors LLC

Assets, funds, holdings.