Aristotle Expands Credit Offerings with Acquisition of Pacific Asset Management from Pacific Life

LOS ANGELES & NEWPORT BEACH, Calif. – (BUSINESS WIRE) – Aristotle Capital Management, LLC (“Aristotle”), an investment management organization that specializes in equity and fixed income portfolio management for institutional and advisory clients worldwide, and Pacific Life Insurance Company (“Pacific Life”), a leading mutual life insurance company, today jointly announced Aristotle’s planned acquisition of Pacific Life’s third-party credit asset management firm, Pacific Asset Management, LLC (“PAM”), whose clients include Pacific Funds. As part of the transaction, Pacific Life will receive a minority interest in Aristotle. Aristotle also announced that subsequent to the close of the transaction, Pacific Asset Management will be known as Aristotle Pacific Capital, LLC (“Aristotle Pacific”).