MKP sells stake to Dyal and bolsters senior management team

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Dyal acquires minority stake in MKP

Dyal Capital Partners, a $1.28 billion private equity fund managed by Neuberger Berman, has acquired a minority stake in hedge fund MKP Capital Management, its third such deal in the past month.

Established in 1995, MKP manages $6.8 billion in global macro, structured credit and relative value fixed income strategies.

The $2.1 billion MKP Credit Fund, which invests primarily in mortgage-backed securities and structured corporate credit instruments, returned 19.8% in 2012, according to sources fa