First Sentier Investors, a global investment manager, has partnered with European credit manager AlbaCore Capital Group, making a majority investment in the business.
Headquartered in London with a presence in Dublin, Ireland, AlbaCore has capabilities in various parts of the corporate credit spectrum including private credit, CLOs, liquid credit and structured credit in Europe. Since its inception in 2016, it has grown to $9.5 billion in assets under management. Albacore’s product offerings look to enable FSI to offer new asset classes and structures to clients, as well as drive new channels, regions and products to meet investor demand in the sector.
“We see this partnership as enhancing AlbaCore’s growth prospects including extending market access to our expertise, deepening our product offering, and working with FSI’s Responsible Investment team on our approach and articulation around responsible investment,” states David Allen, managing partner and chief investment officer at AlbaCore.