CCA Buys DiMaio CLOs Business

Global alternative asset management platform Citi Capital Advisors (CCA) has bought the collateralized loan obligations (CLOs) business of DiMaio Ahmad Capital. The move will increase the assets of U.S. CLOs and loans managed by CCA to $2.8 billion.

Post-deal, CCA will manage four DiMaio’s CLOs Duane Street CLO I, Duane Street CLO II, Duane Street CLO III and Duane Street CLO IV. These CLOs collectively manage $2 billion in assets. Through the deal, CCA’s global corporate credit funds will run over $8.8 billion in notional credit risk.

Click here for the release from Business Wire.