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The Riverside Firm is mulling a possible sale of its direct lending arm, Riverside Credit score Options.
Sources cited by Bloomberg mentioned that the agency is negotiating with potential consumers of the unit.
The potential sale is a part of a variety of strategic choices that Riverside is exploring, the sources mentioned.
Learn extra: “Compelling” alternative for brand new capital in direct lending
Riverside Credit score Options, which is headed up by managing associate Dave Dobies, was based in 2016 and focuses on offering finance to corporations within the lower-middle market house.
The personal credit score sector has been seeing elevated M&A exercise of late. Final week, it emerged that Brookfield Asset Administration is in superior talks to purchase a majority stake in Castlelake, a specialist personal credit score investor.
And in February, Amundi introduced its plans to accumulate personal markets specialist Alpha Associates because it seeks to develop its publicity to non-public debt, infrastructure, personal fairness and enterprise capital.
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