Vector sells minority stake to Dyal, plans credit strategy expansion

Vector Capital, Dyal Capital Partners, Neuberger Berman, private equity, merger, M&A
  • Vector manages $500 mln credit assets, half in hedge fund
  • Dyal investment to grow business, launch new products
  • Neuberger’s Dyal now partnered with 13 PE, 14 hedge funds
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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