Primus Asset Management and CypressTree Investment Management

Fusion consulted with Primus on the purchase of CypressTree's collateralized loan obligation management contracts. Primus and its board of directors have publicly stated their goals to restructure the corporate structure of the firm by expanding Primus Asset Management and restructuring the $24 billion credit default swap portfolio with seven counterparties.

Fusion was the lead advisor for the purchase of CypressTree Investment Management to quadruple the loan assets under management for Primus.

Opportunity:

CLO industry consolidation

Fusion advantage:

Detailed knowledge of the ownership structure of CypressTree
Clear understanding of motivating factors behind the deal
Access to senior decision makers at both Primus and CypressTree

Size:

$2.4 billion in alternative asset management contracts

Assets:

Multiple alternative asset management contracts
6 CLO management contracts
2 fund management contracts
2 separate account management contracts
1 synthetic CDO management contract
Role: Project Consultant