---
schema_version: "secwatch.filing_event.v1"
accession: "0001273813-23-000020"
form_type: "8-K"
ticker: "AGO"
cik: "0001273813"
company_name: "ASSURED GUARANTY LTD"
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:43:07.323361+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Assured Guaranty to contribute asset management business to Sound Point for 30% stake; deal accretive

## Summary
- Assured Guaranty contributes ~$15.2B AUM (including $14.5B CLOs) to Sound Point; combined entity becomes 5th largest CLO manager globally.
- In exchange, Assured Guaranty receives 30% ownership in combined firm; US insurers commit $1B to Sound Point-managed alternative credit strategies.
- Transaction expected to close Q3 2023, subject to regulatory approvals and customary conditions; immediately accretive to EPS, ROE, and BVPS.
- Assured Healthcare Partners remains independent; carried interest from certain funds retained by Assured Guaranty.
- Dominic Frederico to join Sound Point Board of Managers; Assured Guaranty plans to continue share repurchases.

## SEC filing metadata
- accession: 0001273813-23-000020
- form_type: 8-K
- ticker: AGO
- cik: 0001273813
- company_name: ASSURED GUARANTY LTD
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273813/000127381323000020/0001273813-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273813/000127381323000020/ago-20230405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273813-23-000020
- JSON: https://secwatch.observer/filing/0001273813-23-000020.json
- Plain text: https://secwatch.observer/filing/0001273813-23-000020.txt

## Key facts
- Material Agreements
  ASSURED GUARANTY LTD entered into Investment Agreement with Sound Point Capital Management, L.P. and Sound Point GP Parent, LLC valued at at least $1 billion (effective 2023-04-05).
  - Action: entry
  - Counterparty: Sound Point Capital Management, L.P. and Sound Point GP Parent, LLC
  - Value: at least $1 billion
  - Effective: 2023-04-05
  source text: Concurrently with the execution and delivery of the Transaction Agreement, each of Assured Guaranty Municipal Corp. (“AGM”) and Assured Guaranty Corp. (“AGC” and, together with AGM, the “US Insurers”), each a direct or indirect wholly-owned subsidiary of AGUS, entered into an investment agreement (the “Investment Agreement”) with Sound Point and GP Parent, pursuant to which AGC and AGM agreed, effective upon, and subject to, the closing (the “Closing”) of the transactions contemplated by the Transaction Agreement (the “Transaction”), to engage Sound Point as their sole alternative credit manager and agreed to invest at least $1 billion over time in one or more vehicles and separately managed accounts managed by Sound Point in accordance with the terms of the Investment Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273813/000127381323000020/0001273813-23-000020-index.htm
- Material Agreements
  ASSURED GUARANTY LTD entered into Transaction Agreement with Sound Point Capital Management, L.P. and Sound Point GP Parent, LLC (effective 2023-04-05).
  - Action: entry
  - Counterparty: Sound Point Capital Management, L.P. and Sound Point GP Parent, LLC
  - Effective: 2023-04-05
  source text: On April 5, 2023, Assured Guaranty US Holdings Inc. (“AGUS”), a wholly owned subsidiary of Assured Guaranty Ltd. (“AGL” and, together with its affiliates, “Assured Guaranty”) and its affiliates Assured Investment Management LLC (“AssuredIM”) and Assured Investment Management GP Holdings LLC (“AssuredIM GP”) entered into a transaction agreement (the “Transaction Agreement”) with Sound Point Capital Management, L.P. (“Sound Point”) and Sound Point GP Parent, LLC (“GP Parent”) pursuant to which Assured Guaranty agreed to contribute to Sound Point its asset management business, other than that conducted by Assured Healthcare Partners LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273813/000127381323000020/0001273813-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.