Money Makers Mentor

Blackstone Announces Agreement to Acquire DCI

On Monday Nov. 30, Blackstone (NYSE:BX) announced that it has agreed to acquire DCI. DCI is a pinoeer in quantitative credit investing with approximately $7.5 billion in AUM. Neither Blackstone nor DCI revealed the acquisiton cost.

Through this agreement, DCI will become part of Blackstone Credit. Blackstone Credit is a “global leader in private lending, syndicated leveraged loans and collataralized loan obligations.” The deal will expand Blackstone Credit’s capacities in high-yield and investment grade. It will integrate DCI’s models and technology across the companies’ platforms, and increase access to investors via a UCITs platform.

DCI’s investment process will benefit greatly from the acquistion. Specifically, the investment firm will benefit from Blackstone’s resources, scale…

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