Riverstone Credit Opportunities Income proposes sub-manager arrangement

With credit spin-out Breakwall Capital

Valeria Martinez
clock • 1 min read

Riverstone Credit Opportunities Income (RCOI) has entered into an agreement with its investment manager, Riverstone Investment Group, for the firm’s newly formed credit spin out to become a sub-manager of the trust.

In a stock exchange notice today (6 November), the board said Riverstone had announced its intention to enter into an agreement with Breakwall Capital to provide sub-management services for all credit vehicles managed by Riverstone, including RCOI, from 1 January.  Breakwall is a newly formed independent asset management firm expected to be regulated by the US Securities and Exchange Commission as a registered investment advisor, owned and operated by the existing Riverstone Credit Partners team.  Under the proposed terms, Riverstone will remain the manager of RCOI. The ongoing manage...

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