Voya Investment Management to Acquire Czech Asset Management, LP

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Transaction represents continued growth and expansion of Voya’s suite of private and alternative capabilities

NEW YORK, August 02, 2022–(BUSINESS WIRE)–Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), today announced the signing of a definitive agreement for the acquisition of Czech Asset Management, LP (CAM), a leading private credit asset manager dedicated to the US middle market.

“At Voya IM, continuing to grow our suite of innovative private markets and alternative capabilities has been a strategic direction and growth driver for our business and the industry as a whole,” said Christine Hurtsellers, CEO of Voya IM. “The CAM team will complement our leading fixed income platform and accelerate the expansion of our private credit and leveraged franchise into institutional, insurance and retail channels.”

With more than $5 billion in committed capital across four funds since its inception in 2011,

CAM specializes in providing privately negotiated first and second lien floating rate senior secured loans primarily to middle market US businesses. The CAM team brings Voya IM strong relationships with a strong group of investment partnerships, including public and private pension funds, endowments, foundations, religious organizations and Taft Hartley schemes.

Following the closing of the transaction, all of CAM’s current investment and operations teams will join Voya IM, including its founder, managing partner and chief investment officer, Stephen J. Czech. The CAM team will remain in Connecticut and will be part of Voya’s bond team. The CAM team will continue to manage CAM funds at Voya IM, maintaining CAM’s proven investment philosophy and process while leveraging Voya’s global distribution capabilities and strong leveraged credit platform. Current clients of CAM funds will continue to have their assets managed by the Voya IM team.

“We believe that Voya’s global distribution capabilities, recently enhanced by the closing of the Allianz Global Investors transaction, its leveraged funding platform, intellectual capital and deal flow will significantly enhance our ability to generate attractive returns. risk-adjusted for our investors and expand our reach in the U.S. middle market,” said Czech. look forward to supporting the continued growth of Voya’s direct lending platform in the years to come and to the benefit of current and future customers.”

The addition of CAM further leverages Voya IM’s continued growth and expansion of private and alternative capabilities. In 2021, Voya IM committed $4.4 billion in private placements, including $3.7 billion invested on behalf of institutional clients.

Through the expansion of its Private Markets and Alternatives franchise, Voya IM has also focused on strengthening its global distribution reach through its recently formed long-term strategic distribution partnership with Allianz Global Investors (AllianzGI ), under which AllianzGI distributes Voya IM’s investment strategies outside the United States and Canada.

Terms of the transaction were not disclosed and are not material to Voya’s financial condition. The transaction is expected to close in the fourth quarter of 2022.

Eversheds Sutherland LLP is acting as legal counsel to Voya in connection with the transaction. Schulte Roth & Zabel LLP is acting as legal advisor and Piper Sandler & Co. is acting as financial advisor to CAM in connection with this transaction.

About Voya Investment Management
Voya Investment Management manages public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, building on a 50-year heritage of investing active and on the expertise of more than 300 investment professionals. Named best workplace in financial management by Pensions and investments for seven consecutive years, Voya IM has cultivated a culture built on a commitment to understanding and anticipating client needs, delivering strong investment performance, and embedding diversity, equity and inclusion into its business.

About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technology that help Americans be well planned, well invested and well protected. Serving the needs of 14.3 million retail, professional and institutional customers, Voya has approximately 6,000 employees and $707 billion in assets under management and administration as of March 31, 2022. Certified “Great Place to Work” by the Great Place to Work® Institute, Voya is driven and also committed to conducting its business in a socially, environmentally, economically and ethically responsible manner. Voya has been recognized as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; member of the Bloomberg Gender-Equality Index; and a “Best Workplace for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @voya.

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220731005053/en/

contacts

Media:
Laura Maulucci
T.: (508) 353-6913 T.:
[email protected]

Ininvestors:
Hima Ingouve
(212) 309-8955
[email protected]

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