On March 18, 2016, Hildene Leveraged Credit and Fortress Investment Group announced that an affiliate of Fortress Investment Group will purchase CLOs from Hildene Leveraged Credit.
An affiliate of Fortress Investment Group LLC has agreed to purchase four CLO contracts managing a total of $1.4 billion in assets from Hildene Leveraged Credit, LLC (“HLC”). HLC will no longer manage any CLOs following the sale.
Berkshire Capital served as the financial advisor to HLC. The terms of the agreement were not disclosed.
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