CHICAGO, April 29, 2015 (GLOBE NEWSWIRE) -- Kramer Van Kirk Credit Strategies LP ("KVK"), a Chicago-based senior secured loan manager with approximately $4.1 billion of assets under management, announced today the formation of a strategic partnership with Public Pension Capital LLC ("PPC"), a New York-based private equity firm with deep experience within financial services.
Under the terms of the partnership, PPC's minority investment will allow KVK to meet anticipated risk retention requirements for new CLO issuance and expand on its non-CLO investment strategies. Additionally, the investment from PPC will support the ongoing commercialization of KVK Technology Solution's Mariana Credit Portfolio Analytics, its proprietary credit and portfolio management software and further enhance the growth strategies of KVK.
"We are extremely excited about the new partnership we have formed with PPC," said Thomas Kramer, Senior Managing Director of Kramer Van Kirk Credit Strategies LP. "We look forward to broadening the reach of KVK by leveraging the combined experience and extensive knowledge of the credit markets that our two firms hold."
"KVK possesses an impressive process for comprehensive credit analysis, a proprietary technology for portfolio management, and deep credit expertise proven over decades of performance success," said Perry Golkin, Chief Executive Officer of Public Pension Capital. "We are thrilled to be partnering with Tom Kramer and Tim Van Kirk and are confident that the KVK team can continue to grow its core CLO business and build upon its non-CLO strategies."
About Kramer Van Kirk Credit Strategies LP
KVK is a Chicago based senior secured loan manager founded by principals Tom Kramer and Tim Van Kirk in late 2011. KVK has raised eight CLOs since it priced its inaugural 2.0 deal, in May of 2012. The Principals of KVK were the founding partners of LightPoint Capital Management, a senior secured loan management firm sold to Lehman Brothers. For additional information on Kramer Van Kirk Credit Strategies LP, please visit KVK's website at www.kvkcs.com or contact Jackie Rothchild at (914) 510-9400.
About Public Pension Capital LLC
PPC is a middle-market focused private equity fund that invests in a select group of industries including financial services, healthcare, and specialty chemicals, principally located in the United States. PPC was founded by Perry Golkin and Michael Tokarz, two former Kohlberg Kravis Roberts & Co. ("KKR") executives, and its principals have deep domain expertise within its industry verticals.
CONTACT: Jackie Rothchild 914-510-9400Source:Public Pension Capital LLC