Will remain a strategic limited partner in certain Hayfin funds post-closing Initially invested in the leading alternative credit asset manager in 2017 and supported growth of the platform VICTORIA (BC), LONDON & NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation ("BCI"), one of Canada's largest institutional investors, today announced it has entered into a definitive agreement with Arctos Partners ("Arctos"), a private investment firm, to sell its majority stake in Hayfin Capital Management ("Hayfin" or the "Company"), a leading European-focused alternative asset management firm. Following completion of the transaction, BCI will remain a significant and strategic limited partner in certain key Hayfin fund strategies. BCI acquired a majority stake of Hayfin in 2017, after identifying a compelling opportunity in the European market for private credit, driven by regulatory and structural demand trends. During its ownership, BCI made significant strategic investments to support the continued growth of Hayfin's strategies and worked with management to grow the investment teams and platform capabilities to ensure stable asset management and superior risk adjusted performance. Hayfin experienced strong sustained growth and momentum as a result, increasing assets under management from €8 billion at the time of investment to over €31 billion today. Hayfin's product offering now spans direct lending, special situations, tactical solutions, high-yield/syndicated loans, ...