AllianceBernstein Closes Inaugural Transaction for CLO Management Business
NEW YORK, Dec. 14, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment manager, today announced the closing of AB BSL CLO I, a
"We are delighted by the positive response to the transaction from a wide range of institutional investors and the continued relationship with Equitable. The quality of execution reflects confidence in the firm's long-tenured leveraged finance platform," said Gershon Distenfeld, Co-Head of Fixed Income and Director of Credit at AB. "We look forward to our continued growth in this market and delivering strong results for our clients over the coming years."
The firm's middle market direct lending platform, AB Private Credit Investors, has issued nine CLO transactions since 2016 totaling
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately
Additional information about AB may be found on our website, www.alliancebernstein.com.
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SOURCE AllianceBernstein