AIG Acquires Covenant Credit Partners

June 11, 2018

On May 24, 2018, it was announced that American International Group, Inc. was acquiring Covenant Credit Partners.

As part of the transaction, the entire Covenant Credit Partners (“Covenant”) team will join American International Group, Inc. (“AIG”) including managing partner, Marc Boatwright. Terms of the transaction were not disclosed. Freeman & Co. acted as financial advisor to AIG in this transaction.

AIG (NYSE: AIG) is a finance and insurance corporation with $498 billion in assets under management.

Covenant is a Charlotte, North Carolina based investment management company which oversees two CLOs through which it manages approximately $900 million of broadly-syndicated leveraged loan collateral.

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