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Pretium Acquires Investment Management Business of Latigo to Expand Capabilities in Credit Market
Monday 02 March 2020

2 March 2020 - New York-based alternative investment management firm Pretium Partners, LLC has acquired the investment management business of US fund manager Latigo as a natural extension of Pretium's existing credit strategies.

Terms of the transaction were not disclosed.

The Latigo team will join Pretium's corporate and structured credit business, which currently manages seven CLOs and several investment vehicles for structured credit opportunities.

Pretium is a specialised alternative investment management firm focused on real estate, residential credit and corporate and structured credit with USD 14bn in assets under management.

Latigo is a fund manager that specialises in event-driven investment opportunities. Strategies include distressed securities, special situations and long/short credit and equity investing.

Sidley Austin LLP and Hunton Andrews Kirth LLP served as legal advisors on the transaction for Pretium. Schulte Roth and Zabel LLP served as legal advisor for Latigo.
Date Published: 02/03/2020
Target: Latigo/ investment management business
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Buyer: Pretium Partners, LLC
Buyer Advisor: Sidley Austin LLP , Hunton Andrews Kirth LLP
Terms of the deal were not disclosed