Allianz Global Investors (AllianzGI) has agreed to acquire US private credit manager Sound Harbor Partners for an undisclosed sum.

New York-based Sound Harbor focuses on alternative investments in corporate loans, direct lending, distressed debt as well as opportunistic credit. The firm, headed by Michael Zupon and Dean Criares, manages investments in private limited partnerships, collateralised loan obligations and separately managed accounts. 

The team of Sound Harbor will join AllianzGI as part of the deal and will become part of AllianzGI's global investment platform, while maintaining the integrity of its investment strategy.

AllianzGI CEO and global CIO Andreas Utermann said: “Within our fast-growing Alternatives segment, private debt stands out as a particularly exciting area, where we’ve clearly signalled our intent to expand our capabilities to address our clients’ evolving investment needs.

“The addition of the team from Sound Harbor is a significant step in that process, strengthening and complementing our existing capabilities in this important space.”

The deal is expected to be wrapped up in the first quarter of 2017.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AllianzGI head of alternatives Deborah Zurkow said: “Sound Harbor's expertise enhances AllianzGI’s existing global Alternatives capability, which includes infrastructure debt and a fast-growing corporate loans capability in Paris, underlining our desire to establish ourselves as one of the most prominent private debt managers globally.”