NEW YORK: First Eagle Investment Management agreed to buy Napier Park Global Capital, an established manager of collateralised loan obligations (CLO), in the latest consolidation in the US$1 trillion (RM4.20 trillion) industry.
With the purchase, First Eagle will add European CLO management to its portfolio as well as US$18.7bil (RM78.61bil) in assets under management (AUM), according to a company statement.
