MA Financial Group Limited (ASX:MAF) acquired Blue Elephant Capital Management, LLC for $7.5 million on May 2, 2023. BECM will complement MA Financial’s Global Credit Solutions platform within Asset Management. BECM’s founders J.P. Marra and Ashees Jain will lead the roles of Co-Head of MA Financial US Credit Investments and senior BECM executive Kent MacWilliams will become Head of MA Financial US Specialty Finance. BECM senior management will remain with MA Financial post-acquisition.

MA Financial Group Limited (ASX:MAF) completed the acquisition of Blue Elephant Capital Management, LLC for $7.5 million on May 2, 2023.