Allied World Assurance Company
Holdings, AG announced today an investment agreement between Allied World
Financial Services, Inc., and Crescent Capital Group LP, a privately held
asset management firm that specializes in public and private below investment
grade assets spanning the entire credit capital structure. Under the terms of
the transaction, Allied World Financial Services acquired a minority ownership
interest in the firm and Crescent will manage $500 million of Allied World's
investment portfolio to be deployed across a diversified set of credit
strategies, over the next several years.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in