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
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