Alcentra and Rabobank

Fusion was hired by Alcentra, a subsidiary of Bank of New York, to help achieve its goal of becoming the leading global asset manager in the leveraged loan space. Alcentra is the No. 1 leveraged loan manager in Europe.

While it had $4.5 billion of U.S.-based loans, Alcentra desired a top-five presence in the United States. Fusion consulted with Alcentra on the purchase of the collateralized loan obligation management contracts of Rabobank, significantly increasing Alcentra's U.S. presence and adding $1.7 billion of non-investment loan and CDS-backed portfolios in six deals.

Opportunity:

CLO industry consolidation

Fusion advantage:

Long relationships with all long-term parties involved
Access to senior decision-makers at both Alcentra and Rabobank

Size:

$1.7 Billion in AUM

Assets:

Multiple alternative asset management contracts of global scope
4 CLO management contracts with underlying US and European assets

Role:

Project Consultant

Fusion continues to work with Alcentra and is pursuing consolidation efforts that will dramatically change the company's global position in the non-investment-grade space.