Sankaty Advisors to Acquire CLOs from Regiment Capital

November 23, 2015

On November 16, 2015, Sankaty Advisors, LLC announced that it had signed a definitive agreement to acquire the management contracts for collateralized loan obligations worth $1.6 billion from investment manager Regiment Capital Advisors, LP.

Santaky Advisors, LLC (“Santaky”) will purchase the management contracts for Calvary CLO II, Ltd., Calvary CLO III, Ltd., Calvary CLO IV, Ltd., and Calvary CLO V, Ltd.

Santaky, the global credit affiliate of Bain Capital, manages fixed income and credit instruments through its management of 27 CLOs. The firm’s CLO assets under management, including these contracts, constitute $7.8 billion of the firm’s total assets under management of $28.7 billion.

Based in Boston, Regiment Capital Advisers, LP (“Regiment”) focuses on managing fixed income credit-related strategies, including high-yield hedge funds and structured products.

Berkshire Capital advised Regiment in the transaction. The terms of the deal were not disclosed.

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Investment Manager M&A, Transactions