Pine Brook, an investment firm focused on building businesses in the financial services and energy sectors, agreed to acquire Triumph Capital Advisors, a credit investment firm.

Dallas-based Triumph Capital Advisors invests in syndicated bank loans, with a focus on CLOs. The company’s team has experience investing in senior secured bank debt and CLO securities, and its knowledge of CLO deal structure, compliance, portfolio management and administration make it uniquely qualified to deliver value to investors.

“This is a major milestone in the development of Triumph Capital Advisors. I would like to thank Aaron Graft and Triumph Bancorp for their partnership over the past four years; our success to date is a testament to the effort and capabilities of all involved. Our team is excited about the opportunity to continue growing our CLO platform and expanding our product offering with the support of Pine Brook. We are confident our new partnership will accelerate growth in both of these key areas,” said Gibran Mahmud, chief investment officer of Triumph Capital Advisors.

Bharath Srikrishnan, managing director of Pine Brook, said, “The implementation of risk retention has increased capital requirements for CLO managers, creating a need for strong management teams to attract significant amounts of equity capital. Pine Brook was formed for exactly this reason: to provide management teams with the capital they need to build their businesses. We view Gibran Mahmud and his team as best-in-class managers, and are excited to partner with them to grow a leading credit asset management business.”

The transactions are subject to customary closing conditions and are expected to close in the first half of 2017. Wachtell, Lipton, Rosen & Katz and Haynes and Boone acted as legal advisors to Triumph Bancorp. Skadden, Arps, Slate, Meagher & Flom acted as legal advisor and Wells Fargo Securities served as the exclusive financial advisor to Pine Brook.

Pine Brook also provided a $250 million line of credit to Trintas Capital Management. Dechert acted as legal advisor to Trinita and Eaton Partners served as advisor and global placement agent.