Activist investor Nelson Peltz's firm is in talks with a group of debt investors at New York-based Trimaran Advisors over some manner of partnership, say executives who have spoken to the parties involved.
Peltz may invest in a fund run by Trimaran, which manages $1.5 billion in debt securities of highly leveraged companies, or bring some of its managers on board to his own Trian Fund Management, the sources say. Trimaran portfolio manager David Millison, like Peltz, is a former executive of Drexel Burnham Lambert, the storied junk bond underwriter that collapsed in 1990.
