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Tilton's Patriarch to become family office, steps aside from Zohar

NEW YORK, Feb 5- Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a "family office" and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies. That effort came two days after the CLO defaulted on some notes, forcing MBIA to make a $149 million payment.
Source: Reuters | By: Jonathan Stempel
Lynn Tilton is stepping down from credit funds

Private equity investor Lynn Tilton has stepped down from the Zohar credit funds, on which her private equity firm, Patriarch Partners, has relied heavily for funding.
Source: CNBC.com | By: Jon Marino