TFG Tetragon Financial Group Limited

 
TIDMTFG 
 
Tetragon Credit Income Partners - TCIP 
 
TCIP Expands CLO Team 
 
LONDON, Sept. 19, 2018 /PRNewswire/ -- Tetragon Credit Income Partners today 
announces that Scott Snell has joined its CLO business. Snell, the former 
Co-Head of BlackRock's US CLO business, brings nearly 16 years of experience 
within the US CLO industry and structured credit markets. 
 
"The CLO market continues to be a dynamic space presenting many interesting 
investment opportunities, both near and long-term, making it an exciting time 
to add an asset like Scott to our team," said Dagmara Michalczuk, Portfolio 
Manager in the TCIP team.  "As we look to continue to grow in this space, 
Scott's nearly two decades of experience navigating this sector will be crucial 
to our expansion and continued success." 
 
Snell added: "Since inception, Tetragon has been a leader in taking majority 
equity stakes in CLO transactions and forging deep relationships with CLO 
managers to deliver strong risk-adjusted returns for its investors.  I am 
excited to become a part of this leading credit player and look forward to 
helping the firm succeed and grow, especially at this moment in the CLO 
industry." 
 
As a Managing Director and Co-Head of Blackrock's US CLO business, Snell was 
responsible for asset selection, trading and positioning decisions within 
certain mutual funds and dedicated CLO separate accounts.  Prior to joining 
BlackRock, Snell was a trader and portfolio manager at Oak Hill Advisors, 
specializing in structured credit investments.  He began his career in 
financial services as a structured product research analyst at Lehman Brothers 
following his completion of his MBA program at the University of Michigan. 
 
TCIP is owned by Tetragon Financial Group Limited and is one of the asset 
managers that comprise TFG Asset Management. Tetragon invests in both 
externally-managed CLOs and in CLOs managed by TFG Asset Management's LCM and 
TCIP businesses.  A cornerstone of TCIP's approach has been to buy and hold a 
majority of the residual or "equity" tranches of CLOs which provide exposure to 
senior secured loans on a levered basis. 
 
Tetragon, directly and through private equity vehicles managed by TCIP, has 
invested over $2.2 billion in CLO equity, across 97 CLOs managed by 32 managers 
since inception. 
 
About Tetragon: 
 
Tetragon is a closed-ended investment company that invests in a broad range of 
assets, including bank loans, real estate, equities, credit, convertible bonds, 
private equity, infrastructure and TFG Asset Management, a diversified 
alternative asset management business. Where appropriate, through TFG Asset 
Management, Tetragon seeks to own all, or a portion, of asset management 
companies with which it invests in order to enhance the returns achieved on its 
capital. Tetragon's investment objective is to generate distributable income 
and capital appreciation. It aims to provide stable returns to investors across 
various credit, equity, interest rate, inflation and real estate cycles. The 
company is traded on Euronext in Amsterdam N.V. and on the Specialist Fund 
Segment of the main market of the London Stock Exchange. For more information 
please visit the company's website at www.tetragoninv.com. 
 
Tetragon:          Press Inquiries: 
Yuko Thomas        Prosek Partners 
Investor Relations Andy Merrill and Ciara Brinkmann 
ir@tetragoninv.com Pro-tetragon@prosek.com 
 
This release does not contain or constitute an offer to sell or a solicitation 
of an offer to purchase securities in the United States or any other 
jurisdiction. The securities of Tetragon have not been and will not be 
registered under the U.S. Securities Act of 1933 and may not be offered or sold 
in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration. Tetragon does not intend to 
register any portion of its securities in the United States or to conduct a 
public offer of securities in the United States. In addition, Tetragon has not 
been and will not be registered under the U.S. Investment Company Act of 1940, 
and investors will not be entitled to the benefits of such Act. Tetragon is 
registered in the public register of the Netherlands Authority for the 
Financial Markets under Section 1:107 of the Financial Markets Supervision Act 
as a collective investment scheme from a designated country. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 19, 2018 02:00 ET (06:00 GMT)

Tetragon Financial (LSE:TFG)
Historical Stock Chart
From Mar 2024 to Apr 2024

Tetragon Financial (LSE:TFG)
Historical Stock Chart
From Apr 2023 to Apr 2024