The administration buyout of Hayfin Capital Administration has accomplished, marking a “new chapter” for the choice asset supervisor.
Sports activities funding agency Arctos Companions has acquired British Columbia Funding Administration Company’s majority stake for an undisclosed quantity.
Arctos has underwritten one hundred pc of the funding and can facilitate the Hayfin crew changing into the bulk homeowners of the widespread fairness.
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Hayfin manages round €33bn (£27.5bn) of property throughout its personal debt, liquid credit score, and personal fairness options companies.
Arctos is a non-public funding agency that gives funding to sports activities franchises through its Arctos Sports activities division, and to various asset managers, their funds, and portfolio corporations through Arctos Keystone.
Rumours of the buyout have been first confirmed by the businesses in July final 12 months.
“We’re excited to associate with Arctos as we proceed to boost our choices for buyers, debtors, and sponsors,” mentioned Tim Flynn, co-founder and chief govt at Hayfin.
“With a shared dedication to funding strategy and values, our companies are properly positioned to collaborate and seize the huge alternative set we see for the good thing about our buyers. This marks the start of an thrilling new chapter for Hayfin, as we proceed to develop and evolve in a quickly altering market.”
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Ian Charles, co-founder and managing associate at Arctos, mentioned: “We’re partnering with Hayfin, Europe’s premier personal credit score platform, at a pivotal second of their progress trajectory.
“Collectively, our partnership positions Hayfin to speed up its strategic progress ambitions, drive innovation throughout its platform, and convey extra possession and alignment to Hayfin’s management crew.”