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Cinven acquires 50 per cent of leveraged finance business Indicus11/08/2008. Source: AltAssets. 
 European private equity firm Cinven has acquired a 50 per cent stake in Indicus Advisors, an alternative investment manager focusing on European leveraged finance and global structured credit. The other 50 per cent of the firm will continue to be held by its senior management.
Indicus, founded by David Reilly and Ujjaval Desai in 2006, has $1.75bn of assets under management and 17 professionals located in London and New York. Indicus also advises on approximately $2bn of structured investments for institutional investors.
Cinven partner Andrew Joy said, 'We are delighted to be partnering with such a highly talented team as Indicus. The disruption in the debt markets over the last 12 months has produced a much healthier environment for corporate debt investors. Investing in debt through a top class manager can now deliver attractive returns with relatively low risk, and as an investment class, it is highly complementary to private equity.
'The team at Indicus will continue to manage the business independent of Cinven, but with the advantage of accessing Cinven's relationships,' Joy added.
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