On March 30, 2017, Pine Brook announced an agreement to acquire Triumph Capital Advisors, LLC.
The financial terms of the agreement have not been disclosed. The transaction is subject to customary closing conditions and is expected to close in the first half of 2017.
Triumph Capital Advisors, LLC (“Triumph”), is a Dallas-based credit investment firm, managing and providing services related to collateralized loan obligations. As of March 30, 2017, Triumph had $1.5 billion in assets under management across four CLOs.
Pine Brook is an investment firm with offices in New York and Houston specializing in building businesses in the energy and financial services sectors. Pine Brook manages over $6.0 billion in limited partner commitments.
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