Investcorp Likely To Acquire Marble Point Credit


Investcorp, a Bahrain-based alternative investment firm, is likely to acquire Marble Point Credit Management, a US-based collateralised loan obligation (CLO) manager.

The transaction is expected to close in the first quarter of 2023. However, the transaction is subject to customary regulatory requirements and closing conditions and its financial details have not been disclosed yet.

Upon closing, Marble Point will be combined with Investcorp Credit Management, a credit platform with assets under management worth $14.2 billion. Combined together, the platform will have an AUM of $22 billion.

Mohammed Alardhi, executive chairman of Investcorp, said that the proposed acquisition is expected to take Investcorp’s total AUM to $50 million and is aimed to supplement the company’s growth and scale in the coming years.

Marble Point, an affiliate of Eagle Point Credit Management, is a Connecticut-based asset manager with AUM of $7.8. With this acquisition, Investcorp expects a strong push in its growth and profile through the proposed transaction.  

Investcorp is a global investment manager, with $42.7 billion in total AUM, including assets managed by third party managers. Recently, the company showed its interest in increasing its investments in India as well. Investcorp India Acquisition Corp, its India-focused blank-check company, has raised $259 million in a US initial public offering earlier this year.

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