Janus Henderson buys National Bank of Kuwait’s alternative investment business in Mideast foray

By Jerry  Published On May 2, 2024
DUBAI, May 2 (Reuters) – Global asset manager Janus Henderson plans to buy National Bank of Kuwait’s alternative investments business in a deal that is expected to strengthen its position in emerging markets and its access to clients in the Middle East.
As part of the deal, the team at NBK Capital Partners (NBKCP) will join the $353 billion asset manager as the firm’s new emerging markets private capital division, according to a joint statement on Thursday.
The value of the transaction, which is subject to regulatory approval, was not disclosed.
Established in 2006, NBK Capital Partners advises across emerging markets including the Middle East and North Africa, and its private credit strategy has attracted investment from some of the region’s biggest sovereign wealth funds.
Money managers are vying for a slice of the growing private credit market that emerged after the 2008 financial crisis. Private credit funds are increasingly competing with banks, including for financing large company buyouts.
Source: REUTER

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