AGL Credit Management announces the launch of AGL Private Credit Platform and exclusive Cooperation Agreement with Barclays
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Peter Gleysteen , Founder, CEO and CIO of AGL, will lead the platform and its investment strategy -
Barclays provides the platform exclusive access to differentiated deal flow from its leading leveraged finance and investment banking franchise -
The platform has received an anchor commitment from a wholly owned subsidiary of the
Abu Dhabi Investment Authority
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Text reading, "Announcing the launch of AGL Private Credit Platform," in front of city buildings. (Graphic: Business Wire)
AGL PC combines AGL’s established credit competency with proprietary access to Barclays’ leading leveraged finance and investment banking origination capabilities through a long-term Cooperation Agreement. The platform will focus on directly originated senior secured loans to large corporate borrowers and will seek to capitalize on an attractive and growing opportunity at the convergence of the private credit, broadly syndicated loan and high yield bond markets. AGL PC will operate as an independent manager, with complete control over origination, asset selection, portfolio construction and portfolio management; while having exclusive access to Barclays deal flow, as well as the ability to originate transactions directly. The platform has received an anchor commitment from a wholly owned subsidiary of the
AGL Founder, CEO and CIO
AGL PC will incorporate key elements of AGL’s investment model with decisions made by AGL’s Investment Committee and will be supported by the full depth and breadth of the firm’s investing resources and operational infrastructure. Gleysteen, a pioneer in leveraged finance, will lead AGL PC and its growing team of 11 dedicated investment professionals, including
“This is the next step in building out Barclays’ private credit capabilities to complement the top-tier capability of our existing Leveraged Finance platform, which continues to evolve and respond to market dynamics,” said
About
AGL Credit Management is a premier, independent corporate credit asset manager focused on investment offerings designed to deliver secure, stable and scalable cash yield driven returns to investors globally. The firm launched in
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240402291135/en/
Jclarkson@prosek.com /
pro-agl@prosek.com
Barclays
andrew.x.smith@barclays.com
Source: Barclays