On January 4, 2016, New York Life Investments announced an agreement to acquire a minority stake in Credit Value Partners, LP.
The terms of the transaction were not disclosed. The deal is expected to close in the first quarter of 2017 and is subject to customary closing conditions. Berkshire Capital Securities LLC acted as sole financial advisor to Credit Value Partners, LP (“Credit Value Partners”).
Credit Value Partners is a boutique investment advisory firm specializing in distressed and opportunistic debt and high yield corporate credit investing.
New York Life Investments is the asset management arm of New York Life Insurance Company. New York Life Investments provides investors globally with a wide range of alternative investment solutions which include real assets, hedged strategies, middle market lending, and private equity.
To read the press release: please click here.