October 31, 2024
Private Debt's Rising Stars: Meet the Class of 2024
We're thrilled to share that Sound Point Capital Management, LP's Morgan (Dean) O'Neill was recently named among Private Debt Investor's Rising Stars of Private Debt 2024. The annual list acknowledges individuals within the industry under the age of 40 that have demonstrated strong leadership and innovation in their respective fields and are carving their paths as leaders in private debt. We look forward to watching Morgan’s continued success as part of our Capital Solutions team.
Nominees for Private Debt Investor’s Rising Stars of Private Debt 2024 must not have turned 40 before November 1, 2024 and selections are made by PDI’s senior editorial team based on nominations submitted. The Private Debt Investor (published by PEI) is a credit market focused publication and tracks the institutions, funds and transactions shaping the private credit markets. Although Sound Point subscribes to various PEI publications, no compensation was paid by Sound Point directly or indirectly to the award sponsor in connection with the receipt of the above referenced award or Sound Point’s reference of the award herein. Awards are not representative of any one client’s or investor’s experience with Sound Point and should not be viewed as indicative of future performance of any Sound Point fund or transaction.
October 01, 2024
Women of Influence: Making a Splash in Private Markets
Sound Point Capital Management’s own Morgan O’Neill was recognized as one of Private Equity International’s 2024 Women of Influence in Private Debt. The list recognizes female industry leaders that are shaping the fast-changing alternatives landscape across private markets. Morgan’s inclusion is a testament to her outstanding contributions to both the firm’s Capital Solutions team and the industry at-large.
Disclaimer: No compensation was paid by Sound Point directly or indirectly to the award sponsor in connection with the receipt of the above referenced award or Sound Point’s reference of the award herein. Awards are not representative of any one client’s or investor’s experience with Sound Point and should not be viewed as indicative of future performance of any Sound Point fund or transaction.
September 12, 2024
Sound Point Capital Closes Third Direct Lending Fund
Sound Point Capital Management, LP today announced the final closing of Sound Point U.S. Direct Lending Fund III, its largest direct lending fund to date, with $1.2 billion of total investable capital. Additionally, Sound Point Direct Lending closed on a separately managed account that is expected to grow to more than $500 million.
read moreAugust 28, 2024
Sound Point Capital Provides Financing to Support I.D. Images’ Acquisition of Les Etiquettes Modernes
Sound Point leads upsizing for Sole Source Capital-backed I.D. Images in support of its acquisition of Les Etiquettes Modernes. Sole Source Capital (“Sole Source”) has sponsored the Company since July 2021. Over the course of Sole Source’s ownership and including LEM, ID has acquired eight businesses.
read moreJuly 08, 2024
Bradley E. Dyslin (Global CIO of AFLAC Global Investments) Joins Donald MacKinnon (Head of Commercial Real Estate Credit, Sound Point Capital) To Discuss CRE
Bradley E. Dyslin (Global CIO of AFLAC Global Investments) recently joined Donald MacKinnon (Head of Commercial Real Estate Credit, Sound Point Capital Management, LP) to discuss their investment outlooks, specific regional and property type origination opportunities, as well as the importance of a strategic allocation to CRE debt. Spoiler alert: the opportunities for fresh capital in non-major markets tops the list.
Read more in the latest Sound Point Insight piece: “CRE Beyond the Gateway: Surveying Opportunity in Non-Major Markets”
Watch the replay here: https://lnkd.in/exY5k2bi
June 13, 2024
Sound Point Meridian Capital, Inc. Prices Initial Public Offering
Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the pricing of its initial public offering of 4,000,000 shares of common stock at a public offering price of $20.00 per share.
read moreApril 04, 2024
Secured Finance Network’s 40 under 40 2024
Disclaimer: The Secured Finance Network (SFNet) is an association of asset-based lenders, factoring firms and other secured finance constituents and is networking and training resource, data provider, and advocate representing its members on critical public policy and legal issues that impact member businesses. Nominees for SFNet’s 40 Under 40 Awards 2024 must be employed by an SFNet member organization, must not have turned 40 before June 13, 2024, and be nominated by a direct supervisor or manager of the nominee. Letters of nomination are expected to include the nominee’s career achievements, leadership skills, community and/or industry activities, involvement in the SFNet secured finance community and a description of the nominee’s direct impact on Sound Point’s business. Although Sound Point is a SFNet member organization (and pays annual dues to SFNet for such membership), no compensation was paid by Sound Point directly or indirectly to SFNet in connection with the receipt of the above referenced award. The receipt of this award is not indicative of future performance.
March 29, 2024
Commercial Mortgage Alert: Sound Point Adds Fundraising Staff
We’re excited about the growing team at Sound Point Capital Management as well as the opportunity set in CRE debt that our head of originations Matt Donnelly discusses in a recent Green Street's Commercial Mortgage Alert. As Matt notes, our CRE team focuses on middle market loan origination ($10-30m) with a focus on multi-family and industrial sectors.
read moreMarch 20, 2024
Top Women in Specialty Finance + Diversity, Equity and Inclusion
In ABF Journal’s fourth annual top women in specialty finance feature, more than 50 of the leading women in the sector shared their career accomplishments, as well as their perspectives on career development, mentorship, team dynamics and more. Sound Point's Asyera Theng, Director of Capital Solutions, is featured in Top Women in Specialty Finance on page 55.
read moreMarch 12, 2024
Women In Secured Finance 2024 - Recognizing Excellence
Sound Point's Asyera Theng, Director of Capital Solutions, is recognized for her excellence in 'Women in Secured Finance' by The Secured Lender (see page 85).
read moreJanuary 02, 2024
Sound Point Insights - Real Estate Debt: An Emerging Opportunity for Fresh Capital
While the news cycle is peppered with negative headlines like “Commercial-Property Distress in the US Rises to a 10-Year High”, it is important to look past the sensationalism. The real story influencing the headlines rests with one primary suspect: the U.S. office sector that is currently seeing historically elevated delinquency rates which continue to trend upwards. Delinquencies for historically safer collateral types, primarily multifamily and industrial, lie far below the levels being seen in the office market.
read moreDecember 14, 2023
Sound Point Capital Partners With iCapital Marketplace
Sound Point Capital Management, LP announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
read moreOctober 01, 2023
Sound Point Insights - Private Equity vs. CLO Equity Returns
Private Equity and CLO equity are linked in a common ecosystem, with different structural risks, but similar historical returns. Today, private equity expected returns are lower than realized returns in the post-GFC era, whereas expected returns for CLO equity remain in the midteens. Many investors are heavily (or fully) allocated to Private Equity. Most have no allocation to CLO equity. As investors search for high return alternatives, we suggest a serious look at CLO equity.
read moreSeptember 12, 2023
Sound Point Capital Provides Financing to Support the Acquisition of Barcoding
Sound Point Capital Management, LP is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Barcoding, Inc. The financing was used to support the acquisition of the Company by Graham Partners, Inc.
read moreJuly 03, 2023
Sound Point acquires Assured Investment Management ("AIM"), taking over management of $15.2 billion in AUM and welcoming 29 employees from AIM
May 18, 2023
Sound Point Names Gunther Stein Chief Investment Officer for U.S. Performing Credit and CLOs
Sound Point Capital Management, LP, a credit-oriented investment manager overseeing approximately $32 billion in total assets, is pleased to announce it has hired Gunther Stein to become Head and Chief Investment Officer (CIO) of its U.S. Performing Credit and CLO platform.
read moreApril 05, 2023
Sound Point Capital to Acquire Assured Investment Management, and Receive $1 Billion Investment Commitment From Assured Guaranty
Sound Point Capital Management, LP, a credit-oriented investment manager overseeing approximately $32 billion in total assets, is pleased to announce that it has entered into an agreement to acquire Assured Investment Management LLC and certain of its related asset management entities (“Assured-IM”), which conducts the institutional asset management business of Assured Guaranty Ltd. (together with its affiliates, “Assured Guaranty”).
read moreMarch 07, 2023
Sound Point Capital Provides Financing to Support the Acquisition of Gannett Fleming
Sound Point Capital Management is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Gannett Fleming (the “Company”), a leading engineering and infrastructure solutions provider. The financing was used to support the acquisition of the Company by OceanSound Partners.
read moreOctober 21, 2022
Sound Point Capital Provides Financing to Centric Brands
Sound Point Capital Management is pleased to announce that it provided an Accounts Receivable Facility for Centric Brands, a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment categories. The transaction refinances and upsizes a similar facility that was previously held by Sound Point.
read moreOctober 19, 2022
Sound Point Capital and LBC Credit Management Support the Acquisition of Unirac, Inc.
Sound Point Capital Management, LP and LBC Credit Management, L.P., two of the leading providers of financing solutions to middle market companies, provided a $180 million senior secured credit facility to Greenbelt Capital Partners to support the acquisition of Unirac, Inc.
read moreSeptember 27, 2022
Sound Point Capital Management Hires Merrill Martin from CSAM for Independent Wealth Channels
Sound Point Capital Management, a leading credit-focused investment manager with more than $32 billion in assets, is pleased to announce it has hired Merrill Martin as its new Senior Director of Business Development for their Independent Wealth team. He will be focused on covering Key Accounts, Family Offices, and Registered Investment Advisors.
read moreAugust 23, 2022
Sound Point Capital Names New Chief Compliance Officer
Sound Point Capital Management, a leading credit-focused investment manager with more than $30 billion in assets, is pleased to announce that it has hired Andrea Sayago as its new Chief Compliance Officer and Associate General Counsel.
read moreJuly 13, 2022
Sound Point Capital Provides Financing to Dura Automotive
Sound Point Capital Management is pleased to announce that it provided an Accounts Receivable Facility for Dura Automotive, a global designer and manufacturer of highly engineered automotive systems and portfolio company of MiddleGround Capital.
read moreMay 11, 2022
At the 2022 Creditflux CLO Awards, Sound Point Capital Management collected the award for best CLO fund. The Creditflux CLO Manager Awards is the CLO industry’s premier awards ceremony, celebrating the best in class across a broad spectrum of fund activity for both CLOs and other structured credit funds
The Creditflux Best CLO Fund Award for 2022 was awarded by Creditflux, a news publication service covering global credit investing and trading with news, comment, analysis and data on the credit markets. For the 2022 award selection, Creditflux analyzed the data of open-ended CLO funds launched prior to 2021, and which are listed on the Creditflux hedge fund website. Creditflux ranked the funds through a data-driven process, blending total returns and sharpe ratio through 2021. Twenty-nine funds were considered for the 2022 award. The receipt of this award is not indicative of future performance.
April 18, 2022
Sound Point Acquisition Corp I, Ltd Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing April 22, 2022
Sound Point Acquisition Corp I, Ltd (the “Company”) today announced that commencing April 22, 2022, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units.
read moreMarch 01, 2022
Sound Point Acquisition Corp I, Ltd Announces Pricing of Upsized $225 Million Initial Public Offering
Sound Point Acquisition Corp I, Ltd (the “Company”) announced today the pricing of its upsized initial public offering of 22,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) in the United States and trade under the ticker symbol “SPCMU” beginning on March 2, 2022.
read moreJanuary 07, 2022
Sound Point Capital Provides Financing to Perry Ellis International
Sound Point Capital Management (“Sound Point”) is pleased to announce that it closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (“Perry Ellis” or the “Company”), an owner of well-established retail brands.
read moreDecember 09, 2021
QED Investors and Sound Point Capital Management, LP Announce Strategic Partnership
QED Investors (QED), a global leading boutique venture capital firm focused on investing in early stage, disruptive financial services companies, announced today that it is forming a partnership with Sound Point Capital Management, LP (Sound Point), a leading alternative asset manager with expertise in the credit space, to create a new asset management business focused on providing debt and receivables financing solutions to early stage FinTech companies.
read moreNovember 18, 2021
Sound Point Capital Provides Financing to Support the Acquisition of Lindsay Precast
Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Lindsay Precast (“Lindsay” or the “Company”), a premier North American concrete manufacturer specializing in precast concrete products.
read moreJuly 20, 2021
Sound Point Capital Provides Financing to Support KPM Analytics
Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a $43.5 million multicurrency first lien cross-border credit facility to KPM Analytics (“KPM”), a global quality assurance / quality control (QA/QC) analytical testing and instrumentation business owned by Union Park Capital.
read moreJune 08, 2021
Sound Point Capital Acquires CVC Credit’s U.S. Direct Lending Unit
Sound Point Capital Management, LP, a credit-oriented investment management firm overseeing approximately $25 billion in total assets, is pleased to announce that it has acquired the U.S. direct lending platform of CVC Credit.
read moreApril 10, 2021
Sound Point Capital Management, LP becomes a signatory of the UN-supported Principles of Responsible Investment (PRI).
February 24, 2021
Aflac Global Investments Announces Strategic Partnership with Sound Point Capital Management, LP
Aflac to Fund Initial $1.5 Billion Real Estate Loan Portfolio, Includes $500 Million Aimed at Accelerating Development for Communities in Need
read moreOctober 16, 2020
US CLOs: Look to the Wings of the Capital Structure and New CLOs with Restructuring-Friendly Language
New issue US CLO equity is an attractive proposition as liability spreads have tightened quickly, says Ujjaval Desai, with triple As moving from 165bp over Libor to 130bp in a few weeks.
read moreOctober 12, 2020
Centric Brands Emerges from Chapter 11 with Strengthened Balance Sheet
Centric Brands LLC (the “Company”), a leading lifestyle brands collective, announced today that it has completed its financial restructuring and emerged from voluntary Chapter 11 proceedings, implementing the Company’s Plan of Reorganization (the “Plan”) that was approved by the United States Bankruptcy Court for the Southern District of New York.
read moreApril 02, 2020
You Wait 12 Years for Loan Dislocation and $1 Trillion Comes Along All at Once
The waiting is over - distressed debt managers have the best entry point in about a dozen years as the S&P/LSTA Leveraged Loan Index plunged to 80 in just two weeks.
read moreFebruary 03, 2020
Francis McCullough Joins Sound Point Capital as Global Head of CLO Capital Markets and Structuring
Sound Point Capital Management, an alternative asset management firm with approximately $21 billion of assets under management, is pleased to announce Francis McCullough has joined as Global Head of CLO Capital Markets and Structuring.
read moreJanuary 06, 2020
Sound Point Capital Launches Its First Dedicated Specialty Lending Fund
Sound Point Capital Management, an alternative asset management firm with approximately $21 billion of assets under management, is pleased to announce the successful closing of its first fund dedicated to directly originated corporate loans.
read moreJuly 05, 2019
Why Parts of Wall Street are Fretting Over 'Toxic' Loans
Steve Ketchum is not happy. The hedge fund manager is a big investor in so-called leveraged loans, a corner of the debt market that involves lending to riskier, lower-rated companies.
read moreSeptember 24, 2018
Canada Pension Plan Investment Board and Sound Point Capital Management Form Partnership in CLO Equity
Canada Pension Plan Investment Board (CPPIB) announced today that its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers.
read more