AllianceBernstein (AB) Acquires CarVal Investors
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AllianceBernstein to Acquire Global Private Alternatives Manager CarVal Investors
March 17, 2022 6:20 AM EDTNASHVILLE, Tenn., March 17, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB), a leading research and global investment firm, announced today it will acquire CarVal Investors L.P. ("CarVal").
CarVal is a leading global private alternatives investment manager with approximately $14.3 billion in assets under management ("AUM")(1), primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments.
The acquisition represents an important step forward in AB's continued goal of better serving its clients by building and growing its world-class Private Alternatives... More
