Blackstone Announces Agreement to Acquire DCI, a Pioneer in Technology-Driven Quantitative Credit Investing


NEW YORK–() – Blackstone (NYSE: BX) announced today that it has agreed to acquire DCI, a pioneer in quantitative credit investing with approximately $ 7.5 billion in assets under management in the markets global quality, high yield and emerging corporate credit. The San Francisco-based company applies a proprietary, fundamentals-based, technology-driven model to deliver differentiated returns to its clients. DCI is led by a team of seasoned professionals who are recognized experts in quantitative and systematic fixed income research.

DCI will be part of Blackstone Credit, a global leader in private loans, syndicated leveraged loans and secured loan bonds. The transaction will expand Blackstone Credit’s high yield and investment quality capabilities, enable the integration of DCI models and technology across the combined Blackstone Credit and DCI platforms, and increase investor access through a UCIT platform. DCI’s investment process will benefit from Blackstone’s resources, scale and deep connections in global financial markets.

Dwight Scott, Global Head of Blackstone Credit, said: “DCI has over 15 years of experience in the development and application of technology driven strategies and is at the forefront of the evolution towards quantitative investing in the corporate bond market. DCI will strengthen and differentiate the solutions we offer to our retail, institutional and insurance clients. ”

Tim Kasta, CEO of DCI, said: “Joining Blackstone Credit will provide DCI’s team and investors with access to unparalleled institutional resources and asset management expertise and accelerate the development of innovative corporate lending solutions.

Blackstone Credit is one of the largest credit-focused asset managers in the world, with $ 135 billion in assets under management and a team of over 350 professionals (as of September 30, 2020). Its strategies cover the corporate credit market, with leading positions in both liquid and private markets.

About DCI

DCI is an independent asset management firm specializing in investment grade, high yield and emerging market corporate credit strategies. The company manages long-only and long / short strategies for some of the world’s largest institutional and private investors. DCI deploys a systematic, fundamentals-based approach seeking to exploit potential inefficiencies in corporate credit markets. DCI received the Hedge Fund Journal’s “Corporate Credit – Market Neutral, Best Performing Fund in 2019 and over 2, 3, 4, 5, and 7 Year Periods “for the DCI Market Neutral Credit Fund (UCITS). This is the 4th consecutive year that DCI has received this DCI award was co-founded in 2004 by Stephen Kealhofer, Mac McQuown and David Solo.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest and the communities in which we operate. To do this, we use amazing people and flexible capital to help businesses solve their problems. Our $ 584 billion in assets under management include investment vehicles focused on private equity, real estate, debt and public stocks, life sciences, growth stocks, opportunistic credit and substandard quality, real assets and secondary funds, all on a global scale. More information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

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