PCG Equity has acquired Academic Loan Group. PCG said it believes that the acquisition furthers its investment objective of acquiring quality assets that will produce superior long term returns, as ALG has syndicated billions of dollars worth of loans over time as a high quality portfolio of performing student loans.
The investment performance will depend on various factors, PCG said, such as prevailing interest and default rates.
Notes issued by ALG loan trusts are currently rated by Moody’s Investor Services and Standard & Poor’s.
