Candriam Buys Stake in $3 Billion Private Credit Firm Kartesia
- Multi-asset manager and NYLIA to own 33% of Kartesia
- Deal comes amid increasing investor demand for private credit
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Candriam and its affiliate New York Life Investments Alternatives are taking a minority stake in the 2.5 billion-euro ($3 billion) credit specialist Kartesia Management SA, with investor appetite for private debt forecast to double in coming years.
The two firms will own 33% of Kartesia, according to Naim Abou-Jaoude, chief executive officer of 128 billion-euro multi-asset manager Candriam.