In a bid to build up its presence in the alternatives space, Allianz Global Investors is set to acquire Sound Harbor Partners, a US-based private credit manager.
Sound Harbor Partners will join Allianz's private debt platform, meaning clients of the asset management house will be able to access the firm's US private credit investment funds. Michael Zupon and Dean Criares, CIO and chairman of the New-York based business, will move to AllianzGI along with their investment team. The team will become part of AllianzGI's global investment platform, but will maintain the integrity of its investment strategy and process. Under the terms of the transaction, AllianzGI will acquire Sound Harbor's assets for an undisclosed sum. Allianz GI's Mueller: W...
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