NEW YORK, Oct. 2, 2013 /PRNewswire/ -- Sound Harbor Partners ("Sound Harbor") today announced the creation of a joint arrangement with Macquarie Credit Investment Management Inc. ("Macquarie") to launch a series of collateralized loan obligation ("CLO") funds. Macquarie will provide strategic capital and other resources to complement Sound Harbor's investment capabilities in corporate credit.
Sound Harbor is led by Michael Zupon and Dean Criares. Mr. Zupon is a former Partner at The Carlyle Group where he founded and led the leveraged finance business. Mr. Criares is a former Partner of The Blackstone Group where he founded and led the loan management business.
"Announcing the partnership with Macquarie is a pivotal moment for Sound Harbor," said Mr. Criares. "Sound Harbor's investors will benefit from this new relationship. The partnership affords Sound Harbor the opportunity to expand our client base, investment talent and assets under management while gaining insights from a leader in the global financial services industry."
Michael McLaughlin, US Country Head, Macquarie said: "Sound Harbor's leadership and investment team has an established track record and strong industry relationships. The combination of Macquarie's institutional knowledge of structured credit products and Sound Harbor's investment expertise will firmly establish Sound Harbor's CLO platform in a growing market."
About Sound Harbor
Sound Harbor is an SEC Registered Investment Adviser that provides private credit to U.S. companies. Sound Harbor makes alternative investments in companies where its capital, insight and solutions help to create long-term shareholder value. Sound Harbor invests in secured loans, senior debt, subordinated debt and equity securities. For more information, visit www.soundharbor.com.
Media Contact: Krista Gutierrez, Sound Harbor Partners, 212-231-4200, firstname.lastname@example.org
SOURCE Sound Harbor Partners LLC