Davis Polk advised Dyal Capital Partners II, a permanent capital fund affiliated with Neuberger Berman Group, on its acquisition of a minority stake in Sound Point Capital, LP. Financial terms of the transaction were not publicly disclosed.

Dyal Capital Partners II acquires minority equity interests in institutional alternative asset management businesses worldwide. The Dyal Capital Partners business was established in 2011, manages three independent permanent capital funds and has 21 existing minority partnerships. Sound Point is an alternative asset management firm founded in 2009, which currently has more than $11.5 billion of assets under management.

The Davis Polk corporate team included counsel Ajay B. Lele and associates Abraham Einhorn and Mark S. Kramer. Partner Mary Conway and associate Sam R. Van Peperstraete provided tax advice. Partner Gregory S. Rowland and associate James Pyo provided investment management advice. Partner John G. Crowley provided capital markets advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post