The deal will bring $600 million in capital commitments to the asset manager’s private credit affiliate, Victory Park Capital, from CNO Financial Group.
An average of more than three in five asset managers are using generative artificial intelligence, up from 40% last year, according to a Broadridge study.
The tie-up will create a pool of nearly $200 billion in assets for the firms to oversee and advise and provide clients access to fund managers in the public and private markets.