Marble Point acquires American Capital CLO, seeks to broaden base

By Susanna Moon

Chicago, Jan. 3 – Marble Point Credit Management LLC closed the acquisition of American Capital CLO Management, LLC (Acclom), which is intended to expand its investor base.

American is an investment manager with about $3.4 billion of assets under management across eight collateralized loan obligation vehicles as of December, according to a company announcement.

As part of the deal, Marble Point and affiliates acquired majority equity positions in seven of the CLOs.

Acclom and the CLOs will be rebranded as part of the Marble Point platform, the release added.

Acclom was previously a wholly owned indirect affiliate of American Capital, Ltd.

“The acquisition of the Acclom platform represents a significant milestone in Marble Point’s development,” Thomas Shandell, chief executive officer of Marble Point, said in the release.

“We believe investors globally will seek to increase their exposure to the type of floating rate, senior secured loans in which we invest.”

Marble Point is a boutique investment manager based in Greenwich, Conn., focused on investments in floating-rate senior secured loans.

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