New Credit Manager CCS Partners Raises $4 Billion for Deals

CCS Partners, a credit manager focused on structured and private asset-based deals, launched this month and raised $4 billion in commitments, according to a person with knowledge of the matter.

The partnership was founded and is jointly led by Randy Takian as president and Rob Kinderman as chief investment officer, said the person, asking not to be named discussing private details. The firm, formally launched on August 1, will invest in securities and loans, including risk transfer trades, the person added.

Kinderman left Ellington Management Group last year after more than two decades in its credit business, where he ...