- Voya Investment Management, the asset management business of Voya Financial ( NYSE: VOYA ), has agreed to acquire private credit asset manager, Czech Asset Management.
- Terms of the deal were not disclosed. The deal, expected to close in Q4/2022, will be immaterial to Voya's ( VOYA ) financial position.
- CAM offers privately negotiated first and second lien floating rate senior secured loans primarily to U.S. middle market companies. The firm has over $5B of committed capital across four funds since its founding in 2011.
- All of CAM's current investment and operations teams, including its founder, managing partner and chief investment officer Stephen Czech, will join Voya IM upon deal closing. They will remain based in Connecticut and become part of Voya's fixed income team.
- The transaction builds upon Voya IM's continued growth and expansion of private and alternative capabilities.
For further details see:
Voya IM agrees to acquire Czech Asset Management