Vector sells minority stake to Dyal, plans credit strategy expansion

SFERS, San Francisco Employees’ Retirement System, Cambridge Associates, pension fund, private equity
View of San Francisco Bay Bridge at sunset, with the city in the background,on Aug. 11, 2017. REUTERS/Alexandria Sage - RC18FDC56A60
The minority stake sold by Vector Capital to Dyal Capital Partners amounts to less than 10 percent of the management company, according to a source with knowledge of the deal. The transaction is intended to help accelerate the growth of Vector’s credit business. ...

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