The deal will help Montreal-based Sagard, an alternative asset manager controlled by the billionaire Desmarais family, expand its private credit business. HalseyPoint’s collateral loan obligation (CLO) platform will be rebranded as Sagard HalseyPoint. (The Logic)
Skip to content
The deal will help Montreal-based Sagard, an alternative asset manager controlled by the billionaire Desmarais family, expand its private credit business. HalseyPoint’s collateral loan obligation (CLO) platform will be rebranded as Sagard HalseyPoint. (The Logic)
Talking point: CLO’s are groups of securities made up of corporate debt, often with low credit ratings and used to finance leveraged buyouts. Investors in the vehicles get regular interest payments from the loans. Halsey has raised seven CLOs worth a total of over US$3.2 billion since launching in 2019. The CLO market has been quiet in recent years, but started rebounding towards the end of 2023. HalseyPoint co-founder Lynn Hopton told The Wall Street Journal she expects more CLO activity this year, as the M&A market improves and U.S. banks begin investing in the vehicles again.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: The rise of AI-powered solopreneurs could upend how the economy works
Briefing
Celestica completes US$3.45B share sale to meet demand for data-centre equipment
Sun Life pitches itself on Wall Street as an alternative to Blackstone, Apollo
MDA revenue jumps 34% in Q2, raises full-year outlook
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
