AllianceBernstein Completes Acquisition of Global Private Alternatives Manager CarVal Investors
NASHVILLE, Tenn., July 1, 2022 /PRNewswire/ -- AllianceBernstein Holding L.P. (NYSE:AB) and AllianceBernstein L.P., a leading research and global investment management firm, today announced that it has completed the acquisition of CarVal Investors ("CarVal"). AB announced its intention to acquire CarVal on March 17, 2022.
Headquartered in Minneapolis, Minn., CarVal is a global private alternatives investment manager with approximately $15 billion in assets under management ("AUM")(1), primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments.
"We are pleased to complete this acquisition of global manager CarVal
