Tetragon Credit Income Partners (TCIP) announces completion of the fourth close of Tetragon Credit Income II LP

Tetragon Credit Income II LP (TCI II) has completed its fourth close, bringing total committed capital to over $300 million.  TCI II is a private equity vehicle that, among other things, makes investments in CLOs relating to risk retention rules.

TCIP, the general partner of TCI II, was formed in November 2015 by Tetragon Financial Group Limited (TFG), which owns 100% of TCIP.  TCIP partners with LCM Asset Management and third-party managers to make its investments.

TCIP is part of TFG Asset Management, a diversified alternative asset management business that owns majority and minority stakes in asset managers.  TFG Asset Management also consists of:

• LCM Asset Management – a CLO loan manager.
• The GreenOak Real Estate joint venture – a real estate-focused principal investing, lending and advisory firm.
• Polygon Global Partners – a manager of open-ended hedge fund and private equity vehicles across a number of strategies.
• Equitix – an integrated core infrastructure asset management and primary project platform.
• Hawke’s Point – a business that seeks to provide capital to companies in the mining and resource sectors.
• TCI Capital Management LLC (TCICM) – a CLO loan manager.

Assets under management for TFG Asset Management as of 30 September 2016 totalled approximately $18.7 billion.⁽ⁱ⁾

About TFG and TFG Asset Management:

TFG is a Guernsey closed-ended company traded on Euronext Amsterdam N.V. under the ticker symbol “TFG.NA” and on the Specialist Fund Segment of the main market of the London Stock Exchange plc under the symbol “TFG.LN”.  TFG’s investment objective is to generate distributable income and capital appreciation.  It aims to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles.  The company’s investment portfolio comprises a broad range of assets, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds and infrastructure.

TFG Asset Management currently consists of LCM, the GreenOak Real Estate joint venture, Polygon Global Partners, Equitix, Hawke’s Point, TCIP and TCICM.  TFG Asset Management L.P. is registered as an investment adviser under the U.S. Investment Advisers Act of 1940 and two of its investment management entities, Polygon Global Partners LLP and Equitix Investment Management Ltd., are authorised and regulated by the United Kingdom Financial Conduct Authority.

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This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction.  The securities of TFG have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”), as amended, and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration.  TFG does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States.  In addition, TFG has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act.  TFG is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act (“FMSA”) as a collective investment scheme from a designated country.

⁽ⁱ⁾ Includes GreenOak funds and advisory assets, LCM Asset Management LLC, Polygon Recovery Fund L.P., Polygon Convertible Opportunity Master Fund, Polygon European Equity Opportunity Master Fund and associated managed account, Polygon Mining Opportunity Master Fund, Polygon Global Equities Master Fund, Polygon Distressed Opportunities Master Fund, Equitix Holdings, TCI II, and TCICM as calculated by the applicable administrator for value date 30 September 2016.  Includes, where relevant, investments by Tetragon Financial Group Master Fund Limited and Tetragon Credit Income II L.P.  TFG Asset Management AUM as used in this report includes the assets under management of several investment advisers, including Tetragon Asset Management L.P., and GreenOak Real Estate, LP, each of which is an investment manager registered under the U.S. Investment Advisers Act of 1940.  Figures for GreenOak and TCI II may also include committed capital.