content

Post Advisory Taps Lemberg to Head Up CLO Management Biz

Post Advisory Group today announced its plans to form a new CLO management business and has announced that the firm has hired Bill Lemberg from Alcentra to lead the new group.

Lemberg previously headed the U.S. loans group at Alcentra which managed about $8 billion in senior loans, of which $4 billion was in CLOs.

Post Advisory is a $17 billion asset manager specializing in high-yield bonds and senior loans. It is majority-owned by Principal Financial Group. Nippon Life Insurance Company also owns a minority equity stake in Post. — Andrew Park

Try LCD for Free! News, analysis, data

Follow LCD News on Twitter.

This story first appeared on www.lcdcomps.com, an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.

Leave a Reply

Comments are moderated and will not appear until the admin has approved them.