On August 2, 2022 Voya Investment Management announced a definitive agreement to acquire Czech Asset Management, L.P.
Under the terms of the transaction, Voya Investment Management (“Voya IM”), the asset management division of Voya Financial (“Voya”), will acquire Czech Asset Management, L.P. (“CAM”). Upon completion of the transaction, Stephen Czech, the founder, Managing Partner, and Chief Investment Officer of CAM, will join Voya IM. CAM’s investment management and operations staff will also join Voya IM, where they will continue to serve their current clients. Further terms were not disclosed.
Voya (NYSE: VOYA), based in New York, is a financial, retirement, and insurance company. As of March 31, 2022, Voya had approximately $707 billion in assets under management and administration.
CAM, based in Old Greenwich, Connecticut, is a direct lending firm specializing in loans to middle market companies. CAM has acquired over $5.0 billion of committed capital and managed co-investments since its founding. CAM is being advised by Piper Sandler on the transaction.
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