Credit Suisse-owned Asset Management Finance (AMF) has acquired a passive minority stake in credit-hedge-fund firm, Brigade Capital Management, for an undisclosed sum. The move will help AMF facilitate the continued institutionalization of the firm and assist in retaining key professionals. The investment advisor, managed by Don Morgan and Pat Kelly, has 51 employees managing $7.9 billion of assets across four credit strategies, including long/short credit, distressed debt and traditional high yield. AMF has also allocated over $750 million of capital to asset managers that collectively manage more than $70 billion of assets.
Click here for the release from PR Newswire.