TCW Group has a new board of directors as part of the closing of a sale Wednesday to Carlyle Group and company employees from French bank Societe Generale.

KKR made a minority interest investment in Nephila Capital, a money manager that invests in reinsurance risk, including natural catastrophe and weather risk.

Halcyon Asset Management sold a 20% passive minority stake to Dyal Capital Partners.

BNP Paribas Investment Partners agreed to a management buyout of BNP Paribas Clean Energy Partners, which will be renamed Glennmont Partners.

A federal judge in California is expected to decide later this week whether the buyout of TCW Group by its management and private equity manager Carlyle Group can continue.

Old Mutual Asset Management on Thursday announced it agreed to sell five of its affiliate money management firms — including Analytic Investors — to each of their senior management teams.

One of TCW Group's four equity teams — the concentrated core strategy team led by Craig Blum — has signed on to stay with the firm, sources said.

Baring Asset Management agreed to acquire SEI Asset Korea, spokeswoman Joanna Pope said. Terms were not disclosed. SEI Asset Korea has about $6.3 billion in assets under management, Ms. Pope said. It primarily manages institutional assets.“Korea is one of Asia's largest asset management markets

With the help of private equity firms, former MetWest executives are preparing a management buyout of TCW Group from Societe Generale.

ING Group, seeking to sell its asset management division in Asia, has approached potential buyers including Sumitomo Mitsui Financial Group and Invesco.

Coherence Capital Partners has been formed from a spinout of the asset management unit of insurer Jefferson National Financial.