On October 10, 2018, Halcyon Capital Management announced investments by TPG Sixth Street Partners and Dyal Capital Partners.
Under the terms of the transaction, TPG Sixth Street Partners (“TPG”) has made a new minority investment in Halcyon Capital Management (“Halcyon”) and Dyal Capital Partners (“Dyal”) has increased its existing minority stake in Halcyon. The investments by TPG and Dyal are passive and the day to day operations and management of Halcyon will remain unchanged. Certain managing principals of Halcyon, their family members, and the philanthropic foundation of Alan Slifka, Halcyon’s founder, have also purchased significant equity in Halcyon. Further terms of the deal were not disclosed.
Halcyon, founded in 1981 and headquartered in New York, is a global investment management firm with approximately $10 billion in assets under management. It has since changed its name to Bardin Hill Investment Partners.
TPG, founded in 2009, is a global credit investment platform with $27 billion in assets under management.
Dyal, established in 2011, is a division of Neuberger Berman Group that specializes in minority equity interest acquisitions in alternative asset management businesses.
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