Nomura Holdings is seeking to sell its loan management business in the U.S. that has about $2.5 billion in assets, Bloomberg reports. The business manages six collateralized loan obligations with $2.1 billion in assets as well as a $405 million fund.
The move follows increased collateralized debt obligation (CLO) consolidation over the last year as prices of the debt rebound. GSO Capital Partners acquired Callidus Capital Management in 2010, while the Carlyle Group purchased the loan assets overseen by Mountain Capital Advisors.
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