AGL Credit Management closes $500 million investment from ADIA
March 20, 2019
According to an article on Asia Asset Management, Abu Dhabi Investment Authority (ADIA) and an unnamed US state pension fund are investing a total $650 million to become shareholders in AGL Credit Management (AGL).
AGL is a newly established private credit investment firm founded by veteran US loan banker Peter Gleysteen which specializes in innovative actively managed credit solutions based on credit loans. AGL will "offer simple lower-levered stable return strategy which aims to deliver reliable high-single-digit returns in a safe, efficient and scalable structure”.
Mr. Gleysteen was quoted “Few fixed income products truly target the return objective of institutional investors. AGL was expressly formed to fill the void in the fixed income solution set”.
ADIA is putting in $500 million and the US pension fund is investing $150 million.
Read the original article on Asia Asset Management: ADIA invests $500 million in AGL Credit Management