PE Fund Dyal Capital Nabs Stake In $2.3B Investment Firm

Law360, New York (July 11, 2013, 3:44 PM EDT) -- Private equity fund Dyal Capital Partners LP has acquired a minority stake in New York-based Waterfall Asset Management, an investment firm managing approximately $2.3 billion in assets, the companies announced Wednesday.

The transaction is one of several such investments Dyal has made since its launch little more than a year ago. Terms of the deal, including the size of Dyal's minority stake and the purchase price, were not disclosed.

Dyal, which is managed by Neuberger Berman Group LLC, acquired its stake in Waterfall from M.D. Sass-Macquarie...
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