Bringing you live news and features since 2006 

McDonnell sells alternative credit strategies subsidiary to THL


McDonnell Investment Management has agreed to sell McDonnell Alternative Credit Strategies, LLC, its senior debt credit manager subsidiary, to THL Credit Advisors LLC ("THL Credit Advisors"), the credit affiliate of Thomas H Lee Partners, LP

The Alternative Credit Strategies group joined McDonnell in 2004 and manages approximately USD2.5 billion in assets. Its 22 investment professionals and employees will transition to THL Credit Advisors. Terms of the transaction have not been

"We believe the THL platform offers a great strategic fit for the Alternative Credit Strategies group," says Edward A Treichel, President and CEO at McDonnell. "At the same time, this transaction will allow us to concentrate the firm’s resources on our traditional fixed income portfolio management efforts."

"The expansion of THL Credit Advisors into syndicated high yielding assets, including syndicated bank loans, is a natural extension of our direct lending middle market junior capital platform," says James K Hunt, CEO and CIO of THL Credit Advisors. "The combination will allow us to leverage the industry knowledge and expertise of the McDonnell Alternative Credit Strategies team with our existing middle market investing teams, creating a more scaled and integrated business to serve the needs of our clients."

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by