Investment Management and Broker-Dealer Transactions

BTG ― Representative Investment Management & Broker-Dealer Transactions

Members of the Business Transactions Group have assisted clients with the following transactions in the investment management & broker-dealer industries:

Represented AlTi Global, Inc. (NASDAQ: ALTI) in connection with its acquisition of Envoi, a leading family office focused on multi-generational family wealth with assets under management of approximately $3.0 billion.
Represented Kennedy Lewis Investment Management LLC, a leading opportunistic credit manager, in connection with its strategic investment from Petershill at Goldman Sachs Asset Management.
Represented AlTi Global, Inc. (NASDAQ: ALTI) in connection with its acquisition of East End Advisors, an OCIO with AUM of approximately $5.6 billion offering customized portfolio management and investment services to UHNW families and foundations.
Represented Riverbridge Partners, LLC, an investment management firm with over $11 billion in assets under management, in in its partnership with Lincoln Peak Capital Management, LLC.
Represented London-based Marex Group, a diversified global financial services platform, in connection with its acquisition of Cowen’s legacy prime brokerage and outsourced tradition business from The Toronto-Dominion Bank.
Represented Sumitomo Mitsui Trust Bank, Limited, in connection with its business alliance with Energy Capital Partners (ECP), a US based private equity infrastructure manager.
Represented Kudu Investment Management, a provider of permanent capital solutions to the asset and wealth management industries, in connection with its receipt of an equity investment from MassMutual and with its minority equity investments in investment management firms Champlain Investment Partners, Creation Investments Capital Management, Douglas Winthrop Advisors, EJF Capital, Bingham Osborn and Scarborough, Escalate Capital Partners, Fair Oaks Capital, GenTrust, LLC, Gramercy Funds Management, LLC, Granahan Investment Management, Osborn & Scarborough, Pennybacker Capital, Radcliffe Capital Management, Ranger Investment Management, TIG Advisors, Variant Investments, LLC, Versus Capital Advisors, Warwick Capital, West End Advisors, Variant Investments, LLC, Escalate Capital Partners and Sage Advisory Services.
Represented Enterprise Diversified, Inc. (OTCQB: SYTE) in connection with its merger with CrossingBridge Advisors, LLC, an SEC-registered investment adviser managing strategies primarily focused on ultra-short duration, low duration high yield, responsible credit, and special purpose acquisition companies.
Represented Dyson Capital Advisors, a registered investment adviser managing over $3.5 billion in assets under management that serves select clients with investment advice, customized family office services, and high-touch administrative services, in connection with its sale to Pathstone, a partner-owned and private equity–backed registered investment advisory firm providing investment advice and family office services on more than $35 billion in client assets for families, foundations and endowments.
Represented iM Global Partner, a worldwide asset management network, in connection with its acquisition of Litman Gregory, a San Francisco-based wealth and asset management services firm; in connection with its acquisition of the private client business of Wedgewood Partners Inc.; and in connection with its minority stake investments in Berkshire Asset Management, Dolan McEniry Capital Management, Dynamic Beta Investments, Polen Capital Management, Scharf Investments, Sirios Capital Management, Richard Bernstein Advisors, Asset Preservation Advisors and Berkshire Asset Management.
Represented GenTrust, LLC, an employee owned SEC-registered investment adviser in connection with the sale of a minority passive interest to Kudu Investment Management, LLC, a provider of permanent capital solutions to independent asset and wealth managers.
Represented the Eaton Vance management team in connection with the sale by Morgan Stanley of approximately $14 billion of the client assets of registered investment adviser Eaton Vance Investment Counsel to CI Financial.
Represented Sprott in its Proposed Fund Reorganization with North Shore Global Uranium Mining ETF.
Represented Sierra Pacific Securities in connection with Stifel Financial Corp.’s acquisition of Sierra Pacific.
Represented Marblegate Asset Management in connection with its strategic partnership with Investcorp.
Represented Tiedemann Advisors and TIG Advisors in connection with their business combination with Alvarium Investments Limited and Cartesian Growth Corporation (NASDAQ: GLBL).
Represented Kennedy Lewis Investment Management, a leading opportunistic credit manager, in connection with its strategic partnership with York Capital Management, a global private investment firm, to form a new entity to be called Generate Advisors, LLC that will manage York Capital’s approximately $4 billion Collateral Loan Obligation business and team.
Represented FWM Holdings, the parent company of Forbes Family Trust, LGL Partners and Optima Fund Management, in connection with its merger with Stanhope Capital Group, creating one of the world’s largest independent wealth management and advisory firms.
Represented Emigrant Partners, a subsidiary of New York Private Bank & Trust, in connection with its minority investments in wealth managers Autus Asset Management, Gerber Taylor Capital Advisors, NorthRock Partners, Parallel Advisors, Pure Financial Advisors and Stratos Wealth Holdings.
Represented TIG Advisors in connection with its acquisition from Blackstone of a minority revenue share interest in Arkkan Capital, a Hong Kong-based alternative asset manager with approximately $1 billion of assets under management that focuses on credit and special situations investments across Asia Pacific markets.
Represented GIA Partners, LLC, a New York-based asset manager and Minority Business Enterprise focused on fixed income and credit strategies, in connection with an Investment in GIA Partners, LLC by Ziegler Capital Management, LLC, an Illinois-based asset management firm.
Represented London-based global commodities broker Marex Spectron in connection with its acquisition of Chicago-based exchange-traded derivatives broker X-Change Financial Access.
Represented City of London Investment Group PLC (LSE:CLIG), a London-based global fund manager, in connection with its $99,700,000 share-for-share merger with Pittsford New York-based investment manager Karpus Management, Inc.
Represented Kennedy Lewis Investment Management, a leading opportunistic private credit investment management firm headquartered in New York City, in connection with a sale of a minority equity stake to Azimut Group, one of Europe’s largest independent asset managers, via its U.S. subsidiary Azimut Alternative Capital Partners.
Represented Emerging Global Advisors, a New York-based registered investment adviser and a leading provider of smart beta portfolios focused on emerging markets, in connection with its merger agreement with Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial, Inc. (NYSE:AMP).
Represented FWM Holdings, the parent company of Forbes Family Trust and LGL Partners, multi-family offices focused on ultra-high-net worth families, in connection with the acquisition of Optima Fund Management, a registered investment adviser specializing in alternative investments for institutional and high net-worth clients.
Represented Concept Capital Markets, LLC, a leading independent provider of prime brokerage services, in connection with its sale to Cowen Group, Inc. (NASDAQ:COWN), a diversified financial services firm with offices worldwide that, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services.
Represented TIG Advisors, LLC, a leading alternative asset management company founded in 1980, which provides capital, comprehensive infrastructure support and management to investment teams, in connection with its acquisition of a minority interest in Romspen Investment Corporation, a premier alternative credit manager focused on North American real estate.
Represented Cramer Rosenthal McGlynn, LLC, a New York-based value equity manager, in connection with the management buyout of its business from Wilmington Trust Corporation.
Represented First Long Island Investors, LLC, a Jericho, N.Y., based wealth management company, in connection with its sale of a minority stake to Kudu Investment Management, LLC, a provider of permanent capital solutions to the asset and wealth management industries.
Represented registered investment adviser Metropolitan Real Estate Equity Management, LLC, a global real estate multi-manager investment manager, in connection with its sale to global alternative asset manager The Carlyle Group.
Represented Harvest Volatility Management, LLC, an SEC registered investment adviser in connection with the sale of a minority equity stake to Lincoln Peak Capital and with Harvest Volatility’s subsequent executed sale transaction with Victory Capital (NASDAQ:VCTR), which was terminated prior to closing.
Represented Marex Spectron, one of the world’s largest commodities brokers, in connection with its acquisition of the customer business of Rosenthal Collins Group.
Represented HNA Capital (U.S.) Holding in connection with its executed agreement to acquire fund of funds manager Skybridge Capital, which was terminated prior to closing.
Represented TIG Advisors, LLC, a leading alternative asset management company founded in 1980, which provides capital, comprehensive infrastructure support and management to investment teams, in connection with its sale of a minority stake to Kudu Investment Management, LLC.
Represented Cedar Ridge Partners, LLC, an SEC registered investment adviser that manages unique alternative investment products focused on the US credit markets, in connection with the sale of its investment advisory business to Shelton Capital Management.
Represented Berens Capital Management in connection with its merger with Alternative Investment Group.
Represented NewStar Financial, Inc. (NASDAQ:NEWS) in connection with its acquisition of Fifth Street CLO Management LLC, a wholly-owned subsidiary of Fifth Street Holdings L.P., an affiliate of Fifth Street Asset Management, Inc. (NASDAQ:FSAM), a publicly-traded credit-focused asset management firm.
Represented Alger Associates, Inc., a New York-based registered investment adviser in connection with its acquisition of Boston-based Weatherbie Capital, LLC, a growth equity investment manager that focuses on investing in U.S. small and mid-cap growth equities.
Represented registered investment adviser Emerging Sovereign Group (“ESG”), a New York-based emerging markets equities and macroeconomic strategies investment manager, in connection with its sale of a 55% equity stake to The Carlyle Group and ESG’s subsequent buyout of The Carlyle Group.
Represented middle-market M&A investment bank W. Downer & Co. in connection with its merger with Spain-based investment banking, asset management and investment firm Alantra Partners, S.A. (BME:ALNT).
Represented Feingold O’Keeffe Capital, LLC, an SEC registered investment adviser founded by Andrea Feingold, former Co-Head of PIMCO’s High Yield Group, and Ian O’Keeffe, former PIMCO Head of High Yield Trading, in connection with its sale to NewStar Financial Inc. (NASDAQ:NEWS).
Represented Whitebox Advisors, an SEC registered investment adviser founded in 2000 by Andrew Redleaf, in connection with the sale of a 19.9% minority ownership stake to Dyal Capital Partners, a unit of Neuberger Berman Group.
Represented energy broker MOAB Oil, Inc. in connection with its sale to Tullett Prebon plc (LSE:TLPR.L) for both upfront and deferred contingent consideration.
Represented the management team in connection with the management-led buyout of Guggenheim Global Trading, LLC, the former multi-manager, multi-strategy hedge fund platform of Guggenheim Partners. In connection with the transaction, the management team received an equity investment from Ares Management, L.P. (NYSE:ARES), a leading global alternative asset manager. The new business operated under the name Deimos Asset Management.
Represented registered investment adviser Nephila Capital, a Bermuda based hedge fund manager focused on investing in natural catastrophe and weather risk, in connection with its strategic partnership with global investment firm KKR & Co. LP pursuant to which KKR acquired a 24.9% interest in Nephila from Nephila’s management, as well as a portion of the stake owned by Man Group Plc.
Represented the management team of Bladex Asset Management in connection with the spin out of the business from Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) to Alpha4X Asset Management, LLC, a newly-formed company majority owned by the management team, with a subsidiary of global insurance and reinsurance company XL Group plc (NYSE:XL) acquiring a minority equity stake in Alpha4X as part of the transaction.
Represented Arden Asset Management LLC, a New York-based fund of hedge funds manager in connection with its acquisition of Robeco Group’s hedge fund of funds business.
Represented Milbank Winthrop & Co., Inc., a registered investment advisor that manages assets primarily on behalf of high-net-worth families, in connection with the sale of its assets to Silvercrest Asset Management Group LLC.
Represented Canadian alternative asset manager Sprott Inc. (TSX:SII) in connection with the acquisition of the California-based Global Companies, including Global Resource Investments, Terra Resource Investment Management and Resource Capital Investment Corp., from natural resource investor Rick Rule in an all-share deal.
Represented registered investment adviser Brigade Capital Management, LLC, a New York based credit strategies manager, in connection with a passive minority investment made in Brigade by Asset Management Finance LLC, an affiliate of Credit Suisse Group AG.
Represented Atalanta Sosnoff, a registered investment advisor which manages assets for institutional, high net worth and broker advised clients, in connection with its sale of a 49% interest to investment bank Evercore Partners (NYSE:EVR).
Represented the founding management team of KGS-Alpha Capital Markets LP, an institutional fixed income broker dealer, in connection with its initial capital raise from an investor group led by private equity firm Arsenal Capital Partners in connection with launching the firm and subsequently with a second round of financing that was negotiated by an investor group led by Health of Ontario Pension.
Represented Arden Asset Management LLC, a leading independent fund of hedge funds manager, in connection with its joint venture with J.P. Morgan (NYSE:JPM) pursuant to which Arden will manage a proprietary hedge fund of funds portfolio for J.P. Morgan’s investment banking division. As part of the transaction J.P. Morgan agreed to seed several new Arden funds and also invest in one of Arden’s current flagship funds.
Represented New York based fund of hedge fund firm Saguenay Capital in connection with its merger with London based Strathmore Capital to form Saguenay Strathmore Capital, a fund of hedge funds manager.
Represented investment manager Morgan Creek Capital Management, LLC, an equity owner of Endowment Advisers, L.P. (“EA”, which is the manager of The Endowment Fund) in connection with EA’s acquisition of the 23% EA ownership interest of Sanders Morris Harris Group Inc. (NasdaqGS:SMHG).
Represented Asset Management Finance Corporation (“AMF”), which provides capital to asset managers by investing in limited term revenue interests, in connection with the sale of 80% of the outstanding shares of AMF to Credit Suisse Group AG.
Represented Canadian alternative asset manager Sprott Inc. (TSX:SII) as US counsel in connection with its acquisition of all of the outstanding shares of Sprott Resource Lending Corp. (TSX:SIL; NYSE MKT:SILU), a Toronto-based natural resource lender focused on providing financing to mining and oil and gas companies .
Represented the management team of Concept Capital, an institutional broker and total solutions provider for global investment managers, in connection with the spin out of the Concept Capital business from Sanders Morris Harris Group Inc. (NASDAQ:SMH), a wealth and asset management company, to become an independent broker-dealer of which SMH became a minority equity holder.
Represented mutual fund manager Drexel Hamilton Investment Partners in connection with its sale to Centre Asset Management.
Represented registered investment advisor Wyper Capital Management L.P. and its principal George Wyper in connection with the sale of Wyper Capital Management to registered investment advisor Royce & Associates, LLC, an affiliate of Legg Mason, Inc. (NYSE:LM).
Represented London based alternative fund manager Marshall Wace LLP in connection with the acquisition of a 90% interest in New York based investment manager Eaglewood Capital Management, which focuses on peer to peer loan investments.
Represented investment advisor Claren Road Asset Management, in connection with an equity investment in its management firm by the Petershill Fund managed by Goldman Sachs Group.
Represented Leon Wagner, the retired chairman of Golden Tree Asset Management, and his credit-focused investment firm LW Partners in connection with its merger with Trilogy Capital.
Represented the co-founder and CEO of Onex Credit Partners in connection with the sale of an economic interest and control of the firm to Onex Corporation.
Represented Halcyon Bacchus (U.S.) Management LLC in its acquisition from IKB Capital Corporation of CLO collateral management rights to Bacchus (U.S.) 2006-1 Ltd.
Represented private equity firm White Oak Equity Partners in connection with its minority equity investment in ROW Asset Management, a quantitative global macro hedge fund manager.
Represented the management team of A.R. Schmeidler & Co. in connection with its sale by Hudson Valley Bank to Pine Street Asset Management.
Represented New York based institutional global equities manager EverKey Global Partners in connection with its sale to the Wells Capital Management unit of Wells Fargo Bank.
Represented Altum Capital Management, LLC and its principal, Marjorie Hogan, in connection with her spin-out from Capstone Investment Advisors.
Represented MW Commodity Advisors, LLC in connection with the sale of its business to Silvercrest Asset Management Group LLC.
Represented North Carolina based registered investment adviser Piedmont Investment Advisors, LLC in connection with its acquisition of Virginia based registered investment adviser Shenandoah Asset Management, LLC, an institutional, quantitative manager of mid-cap core and large cap value investment products.
Represented investment advisor Pennant Capital Management in connection with the acquisition of Broadway Gate Capital.
Represented registered investment advisor, Scott’s Cove Capital Management, in connection with its sale to Katonah Debt Advisors L.L.C., a wholly-owned affiliate of Kohlberg Capital Corporation (NasdaqGS:KCAP) and subsequently represented the management team in connection with the reacquisition of the business from Katonah a few years later.
Represented registered investment advisor, Alpha Simplex Group and Andrew Lo in connection with its sale to NGAMLP Acquisition, LLC, a subsidiary of Natixis Global Asset Management, L.P.
Represented Monica Walker, one of the founding principals, and a group of employees of investment manager Holland Capital Management in connection with their acquisition of ownership and control rights from the founding family.
Represented hedge fund manager Somerset Capital Advisors and its principals Michael Schaenen and Ross Taylor III in connection with the sale of Somerset Capital to Toronto-based Artemis Investment Management.
Represented Drexel Hamilton Centre American Equity Fund, a mutual fund managed by Drexel Hamilton Investment Partners, in connection with its acquisition of the assets of Ameristock Mutual Fund, Inc.
Represented investment manager MicroVest GMG Capital Management (jointly owned by GMG Investment Advisors and MicroVest Capital Management) in connection with its acquisition of emerging markets micro loan fund manager Minlam Asset Management.
Represented investment adviser Cura Capital in connection with its agreement to sell a controlling interest to newly formed investment management firm The Aveon Group L.P. (NYSE:AVO), in connection with Aveon’s contemplated initial public offering pursuant to which Aveon is acquiring controlling interests in investment advisors to a diversified group of hedge funds.
Represented Clayton DeGiacinto in connection with his spin-out from Tower Research Capital to launch Axonic Capital.
Represented Inmost Partners LLC in connection with its sale to Richmond Asia Management LLC.
Represented the portfolio manager of an alternative investment and hedge fund management business operated by a subsidiary of a major insurance company in connection with his spin-out of the related management entities.
Represented Pentagram Investment Partners and its principal F. Mark Turner in connection with their joint venture and partnership with TIG Advisors LLC to manage global macro and global equity funds.
Represented investment manager Bayswater Asset Management LLC in connection with its strategic venture with Revere Capital Advisors, LLC, involving the raising of an initial seed investment and certain marketing arrangements.
Represented Redstone Investment Management and its principals Arden Armstrong and Steve Chulik in connection with the lift-out by AlphaOne Capital Partners.
Represented Constellar Capital and its principal Ted Wong in connection with the transfer of management responsibilities for the Constellar Funds to Gottex Fund Management and related employment agreement.
Represented investment manager Raven Capital Management LLC in connection with a minority private equity investment in the management company by Northern Lights Ventures, LLC.
Represented Sorin Capital Management, LLC, an alternative investment firm, in connection with its strategic advisory relationship with HFF Securities L.P., a wholly owned subsidiary of HFF, Inc. (NYSE:HF), a leading provider of commercial real estate and capital markets services.
Represented registered investment advisor TQA Investors and its principal Robert Butman, in connection with its sale to registered investment advisor, Context Capital Management.
Represented Meeschaert Corporation in connection with its acquisition of a minority interest in New York-based registered investment management firm The Solaris Group and related strategic alliance agreements.
Represented OSV Capital Partners LLC in connection with its acquisition of OSV Currency Advisors, Inc. from Old Mutual (US) Holdings, Inc.
Represented Global Strategies Investment Management in connection with its acquisition of Halcyon’s fund of funds business.
Represented Pentagram and its principal F. Mark Turner in connection with its joint venture/sub-advisory relationship with Babson Capital, a registered investment adviser and member of the MassMutual Financial Group.
Represented an SEC-registered investment advisor based in Los Angeles, California, in connection with its acquisition of an investment management business based in Atlanta, Georgia.
Represented the founding managing members of an asset manager in connection with the sale of their interests to a subsidiary of Allied Capital Corporation (NYSE:ALD).
Represented the founding managing members of an asset manager in connection with the spin-out of its investment management business to an affiliate of Citibank, N.A. and related employment agreements.
Represented Weiss, Peck & Greer in connection with the merger of its arbitrage funds with The Ericott Group’s merger arbitrage funds.
Represented Meyerhoff Investment Holdings in connection with its joint venture with Four Corners Capital Management, a registered investment adviser and an affiliate of Australia-based Macquarie Bank.
Represented Treflie Capital Management in connection with its acquisition of the assets of Aspen Grove Capital Management and joint venture arrangements with Harry Strunk, the investment manager of Aspen Grove.
Represented William D. Witter, Inc. in connection with the sale of a 25% interest in William D. Witter, Inc. to Victor Ugolyn and related joint venture arrangements.
Represented Asset Alliance Corporation in connection with separate acquisitions of 50% interests in investment management firms Milestone Global Advisors, Trust Advisors LLC and Silverado Capital Management.
Represented both fund manager clients and seeders with numerous seed capital arrangements, with seed investments generally ranging from $15 million to $100 million and the largest deals exceeding $200 million of invested capital.