Blackstone Group will acquire quantitative credit investment firm DCI.
DCI will become part of Blackstone Credit, a global leader in private lending, syndicated leveraged loans and collateralized loan obligations.
About DCI
DCI is an independent asset management firm specializing in investment grade, high yield, and emerging market corporate credit strategies.
The firm manages long-only and long/short strategies for some of the world’s largest institutional and private wealth investors.
DCI deploys a fundamental based, systematic approach seeking to exploit potential inefficiencies in the corporate credit markets.
About Blackstone
Blackstone is one of the world’s leading investment firms.
We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work.
We do this by using extraordinary people and flexible capital to help companies solve problems.
Transaction value
The investing firm acquired technology-driven credit investing firm DCI, which oversees nearly about $7.5 billion in assets of the company.
Benefit
The transaction will broaden Blackstone Credit’s capabilities in high yield and investment grade, enable the integration of DCI’s models and technology across the combined Blackstone Credit and DCI platforms and increase access to investors via a UCITs platform.
DCI’s investment process will benefit from Blackstone’s resources, scale and deep relationships across global financial markets.
Comment from Global head of Blackstone Credit
Dwight Scott, said : “DCI has a more than 15-year track record of developing and applying technology-driven strategies and is at the forefront of the evolution towards quantitative investing in the corporate bond market.
DCI will strengthen and differentiate the solutions we provide to our retail, institutional and insurance clients.”
Comment from CEO of DCI
Tim Kasta, said: “Joining Blackstone Credit will provide DCI’s team and investors with access to unparalleled institutional resources and asset management expertise and accelerate the development of innovative solutions in corporate credit.”
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