Sound Point buys CVC’s $1bn direct lending unit

Sound Point Capital Management acquired the $1 billion U.S. direct lending platform of CVC Credit, which includes the hire of a team of nine investment professionals.

Terms of the transaction were not disclosed. In total, CVC Credit’s U.S. direct lending platform being absorbed by Sound Point has deployed more than $1.7 billion across 88 transactions. The senior team has completed more than $18 billion in loan commitments and the core senior team members have worked together or known each other for over 20 years.

The nine-person CVC team is led . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available. Research articles require an Annual sub.

Get started

Related Articles

Back to top button

Start Your Days in the Know


Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!