London-based European private credit specialist Hayfin, which currently has around €30bn of assets under management, is considering options for its future including a potential sale of the business, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as confirming that the company, which is owned by British Columbia Investment Management Corp in conjunction with Hayfin’s management and employees, is considering a sale amidst increased interest from asset managers including DWS Group and Janus Henderson Group in gaining a foothold in the $1.5tn private credit space.
According to Bloomberg’s sources, Hayfin has already held preliminary discussions with potential buyers. Deliberations are said to be ongoing though, and there is no certainty that a deal will progress.
Hayfin, which was founded in 2009 by two former Goldman Sachs Group Inc executives, Tim Flynn and Mark Tognolini, and invests in a number of credit markets including high-yield, special opportunities and direct lending, recently closed its flagship direct lending fund recently closed with over €6bn in commitments.
