Dinan’s York Plans to Sell CLO Unit Months After Hedge Fund Exit
- York would retain minority stake in the $4 billion division
- Firm announced exit from hedge fund business in November
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Jamie Dinan’s investment firm York Capital Management is in talks to sell its collateralized-loan obligations division -- just months after it exited the hedge fund business.
York has held discussions with potential buyers for its CLO platform, which oversees about $4 billion in assets, according to people with knowledge of the matter. The firm will seek to retain a minority stake in the business, the people said, asking not to be identified because the information isn’t public.