Citi Capital Advisors Acquires DiMaio Ahmad CLO Business

August 17, 2011

On August 16, 2011, Citi Capital Advisors announced that it had acquired the management responsibilities of four collateralized loan obligations from DiMaio Ahmad Capital.


On August 16, 2011, Citi Capital Advisors announced that it has acquired the management responsibilities of four collateralized loan obligations from DiMaio Ahmad Capital LLC.  The acquisition, which includes Duane Street CLO I, Ltd., Duane Street CLO II, Ltd., Duane Street CLO III, Ltd., and Duane Street CLO IV, Ltd. which collectively have $2 billion of assets under management, will expand Citi Capital’s U.S. CLOs and loans under management to approximately $2.8 billion.  Citi Capital is a global alternative asset manager with approximately $16.2 billion in assets under management prior to the transaction.  DA Capital is an investment management firm specializing in credit products which manages hedge fund and structured credit vehicles.

To read the press release, please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions