Investcorp Takes Minority Stake In Marblegate Asset Management
Investcorp's Strategic Capital Group has taken a minority stake in Marblegate Asset Management, an alternative investment firm that invests in credit opportunities and special situations.
The partnership with ISCG provides Marblegate with long-term capital to strengthen its investment platform and enhance its capabilities in middle market debt.
“We are delighted to bring on a highly complementary minority partner with the skills and experience of a global leader like Investcorp,” remarked Andrew Milgram, Managing Partner and Chief Investment Officer of Marblegate.
Under the terms of the agreement, ISCG will be a passive, non-voting partner to Marblegate. There will be no changes to Marblegate’s team, strategy, execution of its investment processes nor day-to-day operations in connection with the partnership.
“We believe that Marblegate is highly differentiated from its peers in the middle market credit space with its focus on bringing innovative solutions to event-driven and distressed opportunities,” stated Anthony Maniscalco, Managing Partner and Head of ISCG. “We look forward to supporting the team as Marblegate further distinguishes itself in the market.”
“This additional long-term capital will help position Marblegate for continued success across our credit platform,” added Paul Arrouet, Managing Partner at Marblegate.
Investcorp’s Strategic Capital Group launched in 2019; this partnership represents ISCG’s fourth transaction since the strategy’s launch.
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