Manager tie-ups climb as private assets demand soars

Tie-ups between traditional or mostly long-only asset managers and private market players are picking up as more institutional investors and family offices pile into alternative assets, particularly private credit. One such partnership was announced in late March between BNY Mellon Investment Management and alternatives specialist CIFC. The deal allows BNY Mellon IM, which has about $2 trillion in assets under management, access to CIFC’s US direct lending strategy on its global…