Fried Frank advised BlueBay Asset Management in relation to the separation of its private debt business, which has been formally relaunched as Arcmont Asset Management. BlueBay is a global specialist fixed income manager investing in traditional and alternative fixed income strategies for institutional and private clients. Arcmont is an independent, employee-owned business that manages over €13 billion of institutional assets across Europe and is backed by a minority investment from Dyal Capital Partners, a market leader in providing finance to established alternative asset managers globally.
Kate Downey, asset management partner at Fried Frank, said: “the Fried Frank team is delighted to have taken a leading role for BlueBay in achieving the successful separation of its private debt business and we look forward to continuing our long-standing role as fund counsel to the team in their new business as Arcmont Asset Management. This plays to our market leading strengths in both asset management and GP stakes deals, and further demonstrates our reputation globally as a leading provider of asset management services across asset classes.”
The Fried Frank team was led by corporate partners Kate Downey, David Christmas, and Simon Saitowitz and included corporate partners Gregg Beechey, Jons F. Lehmann, Jessica Forbes, and Stacey Song and corporate associates Jamie Thomson, Alistair Renton, Samuel Stenning, Rebecca Harris, Christian Roberts, Andrew Forrest, Zac Mellor-Clark, Graham Greenwood, and Shyam Kotadia.